Performance Food Group Company (PFGC) Director Sells 5000000 Shares of Stock

Performance Food Group Company (PFGC) have shown a high EPS growth of 31.20% in the last 5 years and has earnings rose of 34.30% yoy. Wells Fargo & Company reiterated a "buy" rating on shares of Performance Food Group in a research note on Tuesday, August 8th.

PFGC has been the subject of a number of analyst reports. BlackRock Inc. increased its stake in Performance Food Group by 62.4% during the second quarter. Analysts reported that the Price Target for Performance Food Group Company might touch $35 high while the Average Price Target and Low price Target is $31.7 and $27 respectively. BidaskClub lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Friday, August 11th.

Performance Food Group Company (NYSE:PFGC) Director William F. Dawson, Jr. sold 5,000,000 shares of the business's stock in a transaction on Friday, November 24th. Year to Date performance value (YTD perf) value is 24.38%. The stock was sold at an average price of $27.41, for a total transaction of $375,529,745.65. Following the completion of the sale, the insider now owns 183,581 shares in the company, valued at approximately $5,077,850.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $28.03, for a total transaction of $140,150,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,004,450 shares of company stock valued at $281,523,755.

The move comes after 8 months positive chart setup for the $3.08 billion company.

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Performance Food Group by 13.2% during the second quarter.

While looking at the Stock's Performance, Performance Food Group Company now shows a Weekly Performance of 1.88%, where Monthly Performance is 3.65%, Quarterly performance is 2.58%, 6 Months performance is 6.04% and yearly performance percentage is 38.19%. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator's stock valued at $192,000 after buying an additional 3,706 shares in the last quarter. The percentage of shares being held by the company management was 0.15% while institutional stake was 70.5%. Public Employees Retirement System of OH now owns 4,603 shares of the restaurant operator's stock valued at $110,000 after buying an additional 1,247 shares in the last quarter. Keybank National Association OH acquired a new stake in Performance Food Group during the second quarter worth about $1,220,000. Vanguard Group Inc. now owns 6,738,910 shares of the restaurant operator's stock valued at $184,646,000 after acquiring an additional 957,920 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Performance Food Group during the 2nd quarter valued at about $141,000.

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The Relative Volume of the company is 4.79 and Average Volume (3 months) is 796.37 million. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.80 and a current ratio of 1.55.

According to Zacks, "Performance Food Group Company markets and distributes food and food-related products".

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 8th. These analysts have also projected a Low Estimate of $0.32/share and a High Estimate of $0.35/share. Performance Food Group Company (PFGC) has the market capitalization of 3.13 Billion. The Return on Equity (ROE) value stands at 11.8%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the company earned $0.20 EPS. equities research analysts forecast that Performance Food Group will post 1.45 EPS for the current year.

Performance Food Group Company (PFGC) has an annual dividend of $0, while its annual dividend yield is 0%.

TRADEMARK VIOLATION WARNING: This report was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online.

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