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 the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Craig Howard Hoskins also recently made the following trade(s):

• On Wednesday, November 27th, Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88.

Performance Food Group Price Performance

PFGC stock traded down $0.25 during midday trading on Monday, reaching $84.14. The company had a trading volume of 525,624 shares, compared to its average volume of 1,029,913. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The stock has a 50 day moving average price of $85.35 and a 200-day moving average price of $75.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

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

Institutional Investors Weigh In On Performance Food Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its position 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 buying an additional 274 shares in the last quarter. UMB Bank n.a. grew its stake 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 last quarter. Finally, Innealta Capital LLC bought a new position in shares of Performance Food Group in the 2nd quarter valued at $30,000. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PFGC shares. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Guggenheim upped their target price on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial lifted their price target on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.33.

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.