Performance Food Group (NYSE:PFGC) Insider Sells $1,733,961.60 in Stock

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Craig Howard Hoskins also recently made the following trade(s):

• On Wednesday, November 27th, Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88.

Performance Food Group Stock Down 0.3 %

Shares of PFGC traded down $0.25 during trading hours on Monday, hitting $84.14. The stock had a trading volume of 525,624 shares, compared to its average volume of 1,029,913. The firm has a market capitalization of $13.11 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The firm has a 50 day simple moving average of $85.35 and a 200-day simple moving average of $75.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. During the same period in the previous year, the business posted $1.15 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Performance Food Group will post 4.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Performance Food Group during the third quarter worth about $26,000. Innealta Capital LLC bought a new stake in Performance Food Group in the 2nd quarter worth about $30,000. Venturi Wealth Management LLC increased its stake in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Barclays upped their price target on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets upped their target price on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Guggenheim raised their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.33.

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 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.