Performance Food Group (NYSE:PFGC) Insider George L. Holm Sells 63,500 Shares

Performance Food Group (NYSE:PFGC) insider George L. Holm sold 63,500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Performance Food Group Stock Up 2.1 %

Performance Food Group stock opened at $74.32 on Thursday. The business’s 50-day simple moving average is $66.85 and its two-hundred day simple moving average is $70.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 1.64. The company has a market cap of $11.56 billion, a PE ratio of 27.73, a PEG ratio of 0.90 and a beta of 1.42. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping 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 firm had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that Performance Food Group will post 4.9 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Truist Financial boosted their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Barclays increased their price target on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $86.38.

Institutional Trading of Performance Food Group

Large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. lifted its position in Performance Food Group by 27.8% during the second quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock valued at $113,093,000 after purchasing an additional 372,218 shares during the period. Quarry LP grew its position in Performance Food Group by 114.4% during the 2nd quarter. Quarry LP now owns 2,513 shares of the food distribution company’s stock worth $166,000 after purchasing an additional 1,341 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after buying an additional 160 shares during the last quarter. Creative Planning lifted its holdings in shares of Performance Food Group by 102.7% in the 2nd quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock valued at $763,000 after buying an additional 5,849 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Performance Food Group by 9.0% in the second quarter. Algert Global LLC now owns 181,671 shares of the food distribution company’s stock worth $12,010,000 after buying an additional 15,060 shares during the last quarter. 96.87% of the stock is 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.