Craig Howard Hoskins, President and Chief Operating Officer of Performance Food Group Co (NYSE:PFGC), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Hoskins sold a total of 20,496 shares of common stock on December 20, 2024. The shares were sold at prices ranging from $84.46 to $85.06 per share, amounting to a total transaction value of approximately $1,733,977. The company, currently valued at $13.1 billion, has demonstrated strong performance with a 22% return over the past year. According to InvestingPro analysis, the stock is trading near its Fair Value, with analysts setting price targets up to $110.
Following these transactions, Hoskins now holds 172,372 shares of Performance Food Group. The sales were made under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan for selling stocks to avoid potential insider trading violations. InvestingPro subscribers have access to additional insights, including 8 more ProTips and a comprehensive analysis of the company's financial health, which is currently rated as "GOOD" with strong liquidity metrics.
In other recent news, Performance Food Group has undergone significant changes. The company has reshuffled its executive leadership, with Scott McPherson assuming the role of President & Chief Operating Officer and Craig Hoskins transitioning to Executive Vice President & Chief Development Officer. In addition to these changes, Performance Food Group has integrated recent acquisitions, Cheney Brothers Inc. and Jose Santiago Inc., into its operations.
The financial services firm, Piper Sandler, has increased its price target for Performance Food Group from $79 to $92, maintaining its Overweight rating on the stock. This adjustment comes after Performance Food Group's updated Fiscal 2025 guidance, which now includes the impact of the recently completed Cheney Brothers acquisition.
Furthermore, Performance Food Group has reported its fiscal Q1 2025 financial results. The earnings conference call, led by CEO George Holm and CFO Patrick Hatcher, provided both GAAP and non-GAAP financial measures. The company issued forward-looking statements regarding future results, cautioning that these could differ due to various factors.
These are recent developments for Performance Food Group, providing investors with a more robust outlook for the company following the Cheney Brothers acquisition. As always, investors are advised to consider the forward-looking statements with the understanding that they are subject to various influencing factors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.