Performance Food Group (NYSE:PFGC) Insider Scott E. Mcpherson Sells 25,000 Shares

Performance Food Group (NYSE:PFGC - Get Free Report) insider Scott E. Mcpherson sold 25,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. The sale was disclosed in a filing with the SEC, which is available through this link.

Performance Food Group Stock Performance

PFGC stock traded up $0.09 during midday trading on Monday, reaching $74.80. The stock had a trading volume of 797,552 shares, compared to its average volume of 1,065,790. The firm has a fifty day simple moving average of $67.21 and a two-hundred day simple moving average of $70.37. The stock has a market cap of $11.64 billion, a PE ratio of 27.91, a P/E/G ratio of 0.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business had revenue of $15.20 billion during the quarter, compared to analysts' expectations of $15.25 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Performance Food Group will post 4.87 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PFGC. Barclays lifted their price target on shares of Performance Food Group from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. Truist Financial raised their price target on Performance Food Group from $86.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, August 15th. BMO Capital Markets lifted their price objective on Performance Food Group from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, August 15th. Jefferies Financial Group raised their price objective on shares of Performance Food Group from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company raised their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and a consensus target price of $86.38.

Institutional Investors Weigh In On Performance Food Group

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in Performance Food Group by 38.8% during the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company's stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock worth $469,000 after buying an additional 160 shares during the period. CIBC Asset Management Inc raised its holdings in Performance Food Group by 4.3% in the 2nd quarter. CIBC Asset Management Inc now owns 4,375 shares of the food distribution company's stock valued at $289,000 after acquiring an additional 179 shares in the last quarter. Cetera Investment Advisers increased its stake in Performance Food Group by 0.4% in the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock valued at $3,044,000 after acquiring an additional 186 shares during the period. Finally, Hanlon Investment Management Inc. increased its position in shares of Performance Food Group by 1.4% during the 1st quarter. Hanlon Investment Management Inc. now owns 14,011 shares of the food distribution company's stock worth $1,046,000 after purchasing an additional 194 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.