Performance Food Group Co (NYSE:PFGC) Insider Craig Howard Hoskins Sells 10,709 Shares

Performance Food Group Co (NYSE:PFGC) insider Craig Howard Hoskins sold 10,709 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $39.86, for a total value of $426,860.74. Following the completion of the transaction, the insider now directly owns 97,529 shares in the company, valued at $3,887,505.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE:PFGC opened at $40.92 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.79 and a current ratio of 1.57. Performance Food Group Co has a 12 month low of $28.05 and a 12 month high of $41.85. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.94 and a beta of 0.70.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 6th. The food distribution company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Performance Food Group had a return on equity of 15.39% and a net margin of 0.94%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Performance Food Group Co will post 1.81 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in Performance Food Group by 75.0% in the first quarter. Nisa Investment Advisors LLC now owns 700 shares of the food distribution company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Performance Food Group in the fourth quarter worth about $29,000. Advisor Group Inc. boosted its stake in Performance Food Group by 19.8% in the fourth quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock valued at $59,000 after acquiring an additional 303 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Performance Food Group in the fourth quarter valued at approximately $78,000. Finally, PNC Financial Services Group Inc. boosted its stake in Performance Food Group by 55.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,956 shares of the food distribution company’s stock valued at $128,000 after acquiring an additional 1,415 shares during the period. Institutional investors and hedge funds own 96.82% of the company’s stock.

Several brokerages recently weighed in on PFGC. Bank of America began coverage on Performance Food Group in a research report on Wednesday, April 17th. They issued a “buy” rating and a $45.00 target price on the stock. Zacks Investment Research lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Pivotal Research reaffirmed a “hold” rating and issued a $37.00 target price on shares of Performance Food Group in a research report on Thursday, February 7th. ValuEngine raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Performance Food Group in a research report on Friday, January 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $39.92.

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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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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

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