RICHMOND, VA—Craig Howard Hoskins, President and Chief Operating Officer of Performance Food Group Co (NYSE:PFGC), recently sold 20,496 shares of the company's common stock. The shares were sold at an average price of $88.28, amounting to a total transaction value of approximately $1.81 million. The transaction comes as the stock trades near its 52-week high, with the company showing strong momentum and maintaining a GREAT financial health score according to InvestingPro analysis.
The sale, executed on November 27, 2024, was conducted under a Rule 10b5-1 trading plan established by Hoskins in August. Following the transaction, Hoskins retains ownership of 192,868 shares in the company.
Performance Food Group, a major player in the wholesale groceries and general line industry, is headquartered in Richmond, Virginia.
In other recent news, Performance Food Group (PFG) has experienced several significant developments. Firstly, the company's Fiscal 2025 guidance has been updated to include the impact of the recent acquisition of Cheney Brothers, leading Piper Sandler to increase its price target for PFG to $92 from the previous $79. The financial services firm maintained its Overweight rating on the stock, reflecting a positive view of PFG's financial trajectory following the strategic acquisition.
Secondly, PFG reported its fiscal Q1 2025 financial results, which were discussed in a conference call led by CEO George Holm and CFO Patrick Hatcher. The company did not highlight any specific bearish or bullish aspects during the call, and no mentions of any misses in the fiscal Q1 2025 results were made.
These are recent developments, and as such, investors are advised to consider the forward-looking statements made by the company with the understanding that they are subject to various influencing factors. As always, the analysis and projections provided by Piper Sandler and the company's executives serve as crucial information for investors.
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