Key Points
- Performance Food Group director Kimberly Grant sold 2,500 shares on May 20 at an average price of $95.00, totaling $237,500. After the sale, she held 11,935 shares, a 17.32% reduction in her stake.
- PFGC shares were slightly higher, opening at $95.22 and trading up 0.6% in the session cited. The stock has a market cap of $14.96 billion and has traded between $80.82 and $109.05 over the past year.
- The company reported solid quarterly results, with EPS of $0.80 beating estimates and revenue of $16.29 billion topping expectations. Analysts currently rate the stock a “Moderate Buy” with a consensus price target of $119.00.
Performance Food Group Company (NYSE:PFGC - Get Free Report) Director Kimberly Grant sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the director owned 11,935 shares in the company, valued at $1,133,825. The trade was a 17.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Performance Food Group Trading Up 0.6%
PFGC stock opened at $95.22 on Friday. The company has a market cap of $14.96 billion, a P/E ratio of 45.34, a PEG ratio of 1.48 and a beta of 0.92. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average of $88.92 and a 200-day moving average of $92.13.
Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion for the quarter, compared to analysts' expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. As a group, equities research analysts expect that Performance Food Group Company will post 4.57 EPS for the current year.
Analyst Upgrades and Downgrades
PFGC has been the subject of several analyst reports. Citigroup lifted their price target on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Zacks Research raised shares of Performance Food Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 7th. Morgan Stanley lowered their target price on shares of Performance Food Group from $123.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. UBS Group dropped their target price on shares of Performance Food Group from $120.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Performance Food Group in a research note on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and a consensus price target of $119.00.
Read Our Latest Stock Analysis on PFGC
Institutional Trading of Performance Food Group
A number of hedge funds have recently modified their holdings of the company. AE Wealth Management LLC bought a new position in shares of Performance Food Group during the third quarter worth $1,666,000. Strs Ohio increased its position in shares of Performance Food Group by 54.4% in the 3rd quarter. Strs Ohio now owns 149,751 shares of the food distribution company's stock valued at $15,580,000 after buying an additional 52,734 shares in the last quarter. Maven Securities LTD bought a new stake in shares of Performance Food Group in the 3rd quarter valued at $2,589,000. Close Asset Management Ltd raised its stake in Performance Food Group by 7.5% during the 3rd quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company's stock worth $216,536,000 after buying an additional 145,387 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Performance Food Group by 10.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company's stock worth $44,124,000 after acquiring an additional 45,867 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Performance Food Group Company Profile
(
Get Free Report)
Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.
Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
