Food distributor Performance Food Group Buying Reinhart Foodservice for $2 billion

Performance Food Group Company (NYSE:PFGC)has agreed to buy the stakes of privately held rival Reinhart Foodservice for $2 billion, in a move to build the scale and tackle the rising costs. Reinhart Foodservice had generated more than $6 billion in terms of revenue in last year. Both merged companies would have more than $30 billion in terms of sales, according to Performance Food Group, which has a market value of $4.2 billion.

The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the PFGC is 0.30%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the PFGC is 98.70%.

Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that PFGC. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the Performance Food Group Company (NYSE:PFGC) is -12.17%.

Institutional ownership is the amount of a Performance Food Group Company (NYSE:PFGC)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the PFGC is -0.17%.

U.S traded Performance Food Group Company (NYSE:PFGC) stock advanced 0.68% on Friday and when day-trade ended the stock finally concluded at $40.03 and number of shares that changed hands during the day are 1.14 Million. The number of shares PFGC stock currently held by all its shareholders are 104.48 and floated shares, the number of shares are available for trading in an open market on last trading day are 102.25. The average volume of shares for 3 months is 548.45 and PFGC stock value has moved between $27.99 – 41.7 in last one year.

The Performance Food Group Company (NYSE:PFGC) reported its last earnings on date 8/7/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The valuable gross margin for Performance Food Group Company (NYSE:PFGC) is 13.10% and the profit margin is 0.90% and the stock has gained 24.05% in 2019 to date.

U.S. traded shares of Performance Food Group Company (NYSE:PFGC)’s monthly stock performance is 1.21%, the quarterly performance is 0.98%, the half year performance is calculated as 27.20%. The yearly performance of PFGC is 7.46%.

The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Performance Food Group Company (NYSE:PFGC) weekly volatility is measured as 1.73% and monthly volatility measured as 1.86%.

Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. PFGC return on assets is 4.10%, the return on equity (ROE) of the Performance Food Group Company (NYSE:PFGC) is 14.20%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and PFGC return on investment is 10.60%.

The price to earnings ratio is 35.74, price to sales ratio is 0.23, and price to book ratio is 3.37, price to cash per share ration is 543.16, price to free cash flow is 17.58.

Analysts mean target price for Performance Food Group Company (NYSE:PFGC) is $43.70 while analysts mean recommendation is 1.80. The current share price indicates that stock is -4.34% away from its one year high and is moving 42.71% ahead of its 52-week low. PFGC’s distance from 20 day simple moving average is 0.20% and distance from 50-Day simple moving average is -0.22%.