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New Big Money Means Performance Food Group Company (PFGC) Investors Could Reap Benefit

Performance Food Group Company (NYSE: PFGC) is 8.05% higher on its value in year-to-date trading and has touched a low of $52.92 and a high of $78.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PFGC stock was last observed hovering at around $74.87 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $74.72, the stock is 7.00% and 10.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing -0.20% at the moment leaves the stock 7.31% off its SMA200. PFGC registered 20.89% gain for a year compared to 6-month loss of -2.12%.

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The stock witnessed a 8.59% gain in the last 1 month and extending the period to 3 months gives it a 10.13%, and is 0.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 2.22% over the month.

Performance Food Group Company (PFGC) has around 37000 employees, a market worth around $11.64B and $58.28B in sales. Current P/E ratio is 26.76 and Fwd P/E is 13.29. Profit margin for the company is 0.75%. Distance from 52-week low is 41.19% and -4.86% from its 52-week high. The company has generated returns on investments over the last 12 months (4.93%).

Performance Food Group Company quarterly earnings per share for the current quarter are estimated at 1.22 with sales reaching $15.33B over the same period.The EPS is expected to grow by 13.97% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to grow 2.50% in year-over-year returns.

579.0 institutions hold shares in Performance Food Group Company (PFGC), with institutional investors hold 100.74% of the company’s shares. The shares outstanding are 154.20M, and float is at 151.87M with Short Float at 1.51%. Institutions hold 98.49% of the Float.

The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 21.61 million shares valued at $1.43 billion. The investor’s holdings represent 14.0033 of the PFGC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.95 million shares valued at $1.05 billion to account for 10.3372 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 14.01 million shares representing 9.0827 and valued at over $926.5 million, while FMR LLC holds 6.8301 of the shares totaling 10.54 million with a market value of $696.72 million.

Performance Food Group Company (PFGC) Insider Activity

The most recent transaction is an insider sale by McPherson Scott E, the company’s. SEC filings show that McPherson Scott E sold 25,000 shares of the company’s common stock on Aug 23 ’24 at a price of $74.64 per share for a total of $1.87 million. Following the sale, the insider now owns 0.15 million shares.

Still, SEC filings show that on Aug 21 ’24, Grant Kimberly (Director) disposed off 4,000 shares at an average price of $73.61 for $0.29 million. The insider now directly holds 10,184 shares of Performance Food Group Company (PFGC).

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