Rep. Robert Bresnahan, Jr. Sells Performance Food Group (NYSE:PFGC) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Performance Food Group NYSE: PFGC. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Performance Food Group stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Performance Food Group Stock Up 0.4 %

PFGC traded up $0.36 on Wednesday, hitting $86.96. 904,761 shares of the company were exchanged, compared to its average volume of 1,184,805. The firm has a 50-day moving average price of $86.82 and a two-hundred day moving average price of $81.81. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, equities analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Institutional Trading of Performance Food Group

A number of large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Performance Food Group in the second quarter worth about $243,000. UMB Bank n.a. increased its position in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after buying an additional 365 shares in the last quarter. CX Institutional grew its position in shares of Performance Food Group by 15.4% in the 3rd quarter. CX Institutional now owns 19,807 shares of the food distribution company's stock valued at $1,552,000 after purchasing an additional 2,641 shares during the period. Creative Planning boosted its holdings in shares of Performance Food Group by 1.2% in the third quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock valued at $916,000 after buying an additional 140 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of Performance Food Group during the third quarter worth about $36,000. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on PFGC shares. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Barclays cut their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Truist Financial increased their target price on Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares of the company's stock, valued at approximately $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.