Patrick T. Hagerty, Executive Vice President and Chief Commercial Officer at Performance Food Group Co (NYSE:PFGC), recently sold 10,000 shares of the company's common stock. The shares were sold on November 8, 2024, at a weighted average price of $85.12 per share, resulting in a total transaction value of $851,200. Following this transaction, Hagerty retains ownership of 152,987 shares of Performance Food Group. The sale was conducted in multiple transactions, with prices ranging from $85.00 to $85.32 per share.
In other recent news, Performance Food Group Company (PFG) has disclosed its fiscal Q1 2025 financial results, comparing them with the same period in the previous fiscal year. The company's financial discussion encompassed both GAAP and non-GAAP measures, with a reconciliation provided in the earnings release. PFG also made forward-looking statements regarding future results, cautioning that actual outcomes may differ due to various factors.
No specific bullish or bearish details were highlighted during the call, and there were no mentions of any misses in the fiscal Q1 2025 results. The call, led by CEO George Holm and CFO Patrick Hatcher, did not include a question and answer session, or it was not summarized in the provided context.
These are recent developments, and investors are advised to consider PFG's forward-looking statements, understanding they are subject to various influencing factors.
InvestingPro Insights
As Patrick T. Hagerty's recent stock sale draws attention, it's worth examining Performance Food Group's current financial position and market performance. According to InvestingPro data, PFGC's market capitalization stands at $13.42 billion, reflecting its significant presence in the Consumer Staples Distribution & Retail industry. The company's stock has shown strong momentum, with a 31.25% price return over the past three months and an impressive 41.15% return over the last year.
Despite the recent insider sale, PFGC's financial metrics paint a picture of a company with solid fundamentals. The company's revenue for the last twelve months reached $55.16 billion, with a 2.96% growth rate. Additionally, PFGC's EBITDA grew by 8.34% over the same period, indicating improved operational efficiency.
InvestingPro Tips highlight that PFGC is profitable and analysts predict continued profitability this year. However, it's noted that the company is trading at a high P/E ratio relative to its near-term earnings growth, with a current P/E ratio of 31.59. This valuation metric suggests investors are pricing in expectations for future growth.
It's important to note that while Hagerty's stock sale might raise questions, PFGC's liquid assets exceed its short-term obligations, indicating a healthy balance sheet. This financial stability could provide reassurance to investors concerned about the insider transaction.
For those seeking a more comprehensive analysis, InvestingPro offers 5 additional tips for PFGC, providing deeper insights into the company's financial health and market position.
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