Performance Food Group (NYSE:PFGC) Insider Sells $4,669,155.00 in Stock

Performance Food Group (NYSE:PFGC) insider George L. Holm sold 63,500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Performance Food Group Price Performance

Shares of PFGC traded up $0.08 during mid-day trading on Monday, reaching $73.56. The company had a trading volume of 952,316 shares, compared to its average volume of 1,074,450. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.77. The company’s 50-day moving average is $66.55 and its 200-day moving average is $70.34. The company has a market capitalization of $11.45 billion, a P/E ratio of 27.45, a P/E/G ratio of 0.90 and a beta of 1.42.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $15.20 billion during the quarter, compared to analysts’ expectations of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. On average, equities analysts anticipate that Performance Food Group will post 4.9 EPS for the current year.

Institutional Investors Weigh In On Performance Food Group

A number of large investors have recently bought and sold shares of PFGC. Point72 Asset Management L.P. boosted its position in Performance Food Group by 414.1% in the 4th quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock valued at $152,011,000 after buying an additional 1,770,683 shares during the last quarter. Norges Bank bought a new position in shares of Performance Food Group in the 4th quarter worth $119,726,000. Primecap Management Co. CA boosted its position in shares of Performance Food Group by 223.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock worth $107,447,000 after purchasing an additional 1,122,676 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after purchasing an additional 469,500 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock worth $447,645,000 after purchasing an additional 397,114 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial upped their price target on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley decreased their target price on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Wells Fargo & Company increased their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets increased their target price on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $86.38.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.