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

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the transaction, the insider now owns 192,868 shares of the company’s stock, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Performance Food Group Stock Performance

Shares of PFGC opened at $88.27 on Tuesday. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The company has a market capitalization of $13.75 billion, a PE ratio of 32.57, a PEG ratio of 0.95 and a beta of 1.44. The company’s 50 day moving average price is $82.75 and its 200 day moving average price is $74.06.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. During the same period last year, the company posted $1.15 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. Research analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

Several large investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in shares of Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares in the last quarter. Creative Planning raised its holdings in Performance Food Group by 1.2% during 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 in the last quarter. Coldstream Capital Management Inc. raised its holdings 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 valued at $329,000 after buying an additional 142 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Performance Food Group by 2.3% in the second 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 last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Performance Food Group by 0.4% during the 2nd 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 last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. Truist Financial boosted their price target on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays increased their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler upped their price objective on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.27.

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.