Performance Food Group Company (NYSE:PFGC) Insider A Brent King Sells 7,865 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 7,865 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $747,175.00. Following the sale, the insider owned 61,083 shares in the company, valued at $5,802,885. The trade was a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, May 28th, A Brent King sold 11,104 shares of Performance Food Group stock. The stock was sold at an average price of $88.69, for a total value of $984,813.76.
• On Thursday, May 29th, A Brent King sold 12,866 shares of Performance Food Group stock. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32.

Performance Food Group Trading Up 2.8%

Shares of PFGC stock opened at $97.43 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 1.33 and a beta of 1.15. The stock has a 50 day simple moving average of $87.43 and a 200-day simple moving average of $83.82. Performance Food Group Company has a 1-year low of $63.24 and a 1-year high of $98.18.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Institutional Trading of Performance Food Group

Large investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC purchased a new stake in Performance Food Group in the 4th quarter valued at $26,000. CENTRAL TRUST Co raised its position in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC raised its position in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after purchasing an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group during the 1st quarter worth about $44,000. Finally, SVB Wealth LLC acquired a new stake in shares of Performance Food Group during the 1st quarter worth about $59,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PFGC shares. UBS Group boosted their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Citigroup initiated coverage on Performance Food Group in a research report on Thursday, May 22nd. They issued a “buy” rating and a $121.00 target price on the stock. Morgan Stanley upped their target price on Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday. Truist Financial dropped their target price on Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Barclays upped their target price on Performance Food Group from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $100.31.

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.