Performance Food Group Co (PFGC) Insider George L. Holm Sells 3,340 Shares

Performance Food Group Co (NYSE:PFGC) insider George L. Holm sold 3,340 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $33.00, for a total transaction of $110,220.00. Following the completion of the transaction, the insider now directly owns 1,739,543 shares of the company’s stock, valued at approximately $57,404,919. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of PFGC traded down $0.10 during midday trading on Wednesday, hitting $32.55. 503,600 shares of the company traded hands, compared to its average volume of 669,180. Performance Food Group Co has a 52 week low of $26.35 and a 52 week high of $39.45. The company has a market capitalization of $3.36 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.05 and a beta of 0.19. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 15th. The restaurant operator reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts expect that Performance Food Group Co will post 1.74 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in shares of Performance Food Group by 14.7% during the 2nd quarter. Amalgamated Bank now owns 15,573 shares of the restaurant operator’s stock valued at $572,000 after purchasing an additional 1,995 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Performance Food Group by 8.6% in the 2nd quarter. Aperio Group LLC now owns 26,914 shares of the restaurant operator’s stock valued at $988,000 after acquiring an additional 2,137 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Performance Food Group by 57.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock valued at $234,000 after acquiring an additional 2,300 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Performance Food Group by 31.2% in the 2nd quarter. SG Americas Securities LLC now owns 10,452 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,486 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Performance Food Group by 8.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,073 shares of the restaurant operator’s stock valued at $1,361,000 after acquiring an additional 2,869 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 4th. Pivotal Research reaffirmed a “hold” rating and issued a $31.00 target price on shares of Performance Food Group in a report on Thursday, August 16th. Loop Capital reaffirmed a “buy” rating and issued a $42.00 target price on shares of Performance Food Group in a report on Wednesday, August 15th. BMO Capital Markets dropped their target price on shares of Performance Food Group from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Finally, Guggenheim reissued a “buy” rating and set a $43.00 price objective on shares of Performance Food Group in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.40.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as seafood products, shortenings and oils, baked goods, and salad dressings.

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Insider Buying and Selling by Quarter for Performance Food Group (NYSE:PFGC)

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