Insider Selling: Performance Food Group Company (PFGC) Director Sells 5,000,000 Shares of Stock

Performance Food Group Company (NYSE:PFGC) Director William F. Dawson, Jr. sold 5,000,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $28.03, for a total value of $140,150,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Performance Food Group Company (NYSE PFGC) traded down $0.20 during trading hours on Friday, hitting $28.25. The stock had a trading volume of 969,500 shares, compared to its average volume of 789,617. Performance Food Group Company has a 12 month low of $19.95 and a 12 month high of $29.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. The firm has a market cap of $3,050.00 and a P/E ratio of 21.57.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a return on equity of 15.02% and a net margin of 0.62%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. research analysts predict that Performance Food Group Company will post 1.45 EPS for the current fiscal year.

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A number of equities research analysts have commented on PFGC shares. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Wells Fargo & Company reiterated a “buy” rating on shares of Performance Food Group in a research report on Tuesday, August 8th. BMO Capital Markets upped their price target on Performance Food Group from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, September 13th. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, October 5th. Finally, Morgan Stanley boosted their price objective on Performance Food Group from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.88.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Performance Food Group by 37.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,247 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group in the second quarter worth approximately $118,000. Pacad Investment Ltd. raised its stake in shares of Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 4,400 shares during the last quarter. Strs Ohio raised its stake in shares of Performance Food Group by 4,700.0% in the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Performance Food Group in the second quarter worth approximately $141,000. 82.16% of the stock is owned by hedge funds and other institutional investors.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

Insider Buying and Selling by Quarter for Performance Food Group (NYSE:PFGC)

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