On August 21, 2024, Director Kimberly Grant sold 4,000 shares of Performance Food Group Co (NYSE:PFGC) at a price of $73.61 per share. The transaction described in the SEC filing resulted in a total sale amount of $294,440. Following this transaction, the insider now owns 10,184 shares of the company’s stock.
Performance Food Group Co is a distributor of food and food-related products, serving a broad range of customers including independent restaurants, restaurant chains, schools and healthcare facilities. The company operates through three segments: Performance Foodservice, Vistar and PFG Customized.
Over the past year, Kimberly Grant has sold a total of 4,000 shares and made no purchases. The insider transaction history for Performance Food Group Co shows no insider purchases and 7 insider sales during the same period.
Performance Food Group Co shares were trading at $73.61 on the day of the sale, giving the company a market capitalization of $11.46 billion. Its price-to-earnings ratio is 26.37, which is higher than the industry average of 16.52.
The stock’s valuation is $64.12 according to GF Value, which means that Performance Food Group Co is slightly overvalued at a price of $73.61 with a Price to GF Value ratio of 1.15.
The GF value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book value ratio and price-free cash flow, adjusted by a GuruFocus factor that reflects past earnings and growth and incorporates Morningstar analysts’ assessments of future business performance.
This sale by the insider could be of interest to investors who follow the behavior of insiders and evaluate the current valuation metrics of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
