Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 6,111 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 6,111 shares of Performance Food Group stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the transaction, the insider directly owned 44,260 shares in the company, valued at $4,647,300. The trade was a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A Brent King also recently made the following trade(s):

• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The stock was sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $104.13 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The company has a market capitalization of $16.36 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93. The company’s 50 day moving average price is $93.33 and its two-hundred day moving average price is $92.37. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. On average, analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi raised its holdings in shares of Performance Food Group by 154.3% in the first quarter. Amundi now owns 5,905 shares of the food distribution company’s stock valued at $506,000 after purchasing an additional 3,583 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Performance Food Group by 23.8% in the first quarter. California State Teachers Retirement System now owns 183,693 shares of the food distribution company’s stock valued at $15,735,000 after purchasing an additional 35,328 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Performance Food Group by 15.8% in the first quarter. The Manufacturers Life Insurance Company now owns 104,201 shares of the food distribution company’s stock valued at $8,926,000 after purchasing an additional 14,241 shares during the last quarter. Luxor Capital Group LP acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $32,397,000. Finally, Bollard Group LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $2,346,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on PFGC shares. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Citigroup raised their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Barclays raised their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.