Performance Food Group Co (PFGC) Insider Sells $167,987.89 in Stock

Performance Food Group Co (NYSE:PFGC) insider George L. Holm sold 5,089 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $33.01, for a total value of $167,987.89. Following the completion of the transaction, the insider now owns 1,782,318 shares in the company, valued at $58,834,317.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE:PFGC opened at $34.20 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04. Performance Food Group Co has a 1-year low of $26.35 and a 1-year high of $39.45. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.09 and a beta of 0.19.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share 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 quarter last year, the business posted $0.48 earnings per share. Performance Food Group’s revenue was up 3.7% on a year-over-year basis. sell-side analysts forecast that Performance Food Group Co will post 1.74 earnings per share for the current year.

PFGC has been the topic of several recent analyst reports. Zacks Investment Research cut Performance Food Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 4th. ValuEngine cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Royal Bank of Canada set a $32.00 price objective on Performance Food Group and gave the company a “hold” rating in a research note on Friday, August 17th. Morgan Stanley dropped their price objective on Performance Food Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 16th. Finally, Pivotal Research restated a “hold” rating and set a $31.00 price objective on shares of Performance Food Group in a research note on Thursday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.40.

A number of large investors have recently modified their holdings of PFGC. Sterling Capital Management LLC bought a new stake in shares of Performance Food Group during the 2nd quarter worth $24,545,000. Millennium Management LLC raised its stake in shares of Performance Food Group by 202.6% during the 2nd quarter. Millennium Management LLC now owns 705,332 shares of the restaurant operator’s stock worth $25,886,000 after purchasing an additional 472,273 shares during the period. Scopus Asset Management L.P. raised its stake in shares of Performance Food Group by 420.0% during the 2nd quarter. Scopus Asset Management L.P. now owns 520,000 shares of the restaurant operator’s stock worth $19,084,000 after purchasing an additional 420,000 shares during the period. Wells Fargo & Company MN raised its stake in shares of Performance Food Group by 62.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,026,740 shares of the restaurant operator’s stock worth $37,681,000 after purchasing an additional 395,836 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Performance Food Group by 27.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,740,423 shares of the restaurant operator’s stock worth $51,952,000 after purchasing an additional 375,955 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

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 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.

Featured Article: What are the Different Types of Leveraged Buyouts?

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

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply