Performance Food Group Company (NYSE:PFGC – Get Free Report) insider Erika Davis sold 8,008 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total value of $834,513.68. Following the transaction, the insider directly owned 43,986 shares in the company, valued at approximately $4,583,781.06. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Performance Food Group Stock Up 0.9%
Performance Food Group stock traded up $0.91 during mid-day trading on Monday, reaching $105.89. The stock had a trading volume of 1,314,810 shares, compared to its average volume of 1,969,529. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The stock’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $98.26. The firm has a market capitalization of $16.68 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91.
Performance Food Group (NYSE:PFGC – Get Free Report) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The firm had revenue of $18.03 billion for the quarter, compared to analyst estimates of $18.11 billion. During the same period in the previous year, the company earned $0.84 earnings per share. Performance Food Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Performance Food Group Company will post 5.58 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Report on PFGC
Institutional Trading of Performance Food Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors lifted its holdings in Performance Food Group by 1.0% during the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock worth $2,037,910,000 after acquiring an additional 216,720 shares during the period. California State Teachers Retirement System grew its stake in Performance Food Group by 10,766.1% in the 2nd quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock valued at $2,231,353,000 after purchasing an additional 19,776,523 shares during the period. BlackRock Inc. purchased a new stake in shares of Performance Food Group during the 2nd quarter valued at $1,576,983,000. Wellington Management Group LLP increased its position in shares of Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Performance Food Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock worth $252,207,000 after purchasing an additional 36,031 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.
Performance Food Group Company Profile
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.
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