Performance Food Group (NYSE:PFGC) Insider Craig Howard Hoskins Sells 20,496 Shares

Performance Food Group (NYSE:PFGC - Get Free Report) insider Craig Howard Hoskins sold 20,496 shares of the company'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 value of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares of the company's stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88.

Performance Food Group Price Performance

Shares of PFGC traded down $0.25 during mid-day trading on Monday, reaching $84.14. 525,624 shares of the company's stock were exchanged, compared to its average volume of 1,029,913. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 0.95 and a beta of 1.44. The company has a 50-day simple moving average of $85.35 and a two-hundred day simple moving average of $75.81.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. Franklin Resources Inc. raised its position in shares of Performance Food Group by 1.1% in the third quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company's stock valued at $18,305,000 after buying an additional 2,417 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Performance Food Group in the third quarter valued at $154,000. World Investment Advisors LLC acquired a new position in Performance Food Group in the third quarter valued at $2,185,000. Coldstream Capital Management Inc. lifted its position in Performance Food Group by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company's stock worth $329,000 after buying an additional 142 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Performance Food Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock worth $202,803,000 after buying an additional 36,385 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PFGC shares. Melius started coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target for the company. Barclays increased their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Guggenheim lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. BMO Capital Markets increased their price objective on Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $92.00 target price on shares of Performance Food Group in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and an average price target of $94.33.

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.