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

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Performance Food Group Trading Up 0.0 %

NYSE:PFGC traded up $0.03 on Monday, reaching $88.27. The company’s stock had a trading volume of 1,354,846 shares, compared to its average volume of 1,021,200. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $89.73. The stock has a 50 day moving average price of $82.75 and a 200 day moving average price of $74.06.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same period in the prior year, the company posted $1.15 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Performance Food Group will post 4.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Performance Food Group in the third quarter valued at about $26,000. Innealta Capital LLC bought a new stake in Performance Food Group in the second quarter valued at about $30,000. Venturi Wealth Management LLC boosted its stake in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after buying an additional 365 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PFGC. Wells Fargo & Company lifted their target price on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a report on Monday, October 28th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.27.

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.