Have Performance Food Group Insiders Been Selling Stock?

We wouldn't blame Performance Food Group Company (NYSE:PFGC) shareholders if they were a little worried about the fact that Patrick Hagerty, the Executive VP & Chief Commercial Officer recently netted about US$851k selling shares at an average price of US$85.12. However, that sale only accounted for 6.1% of their holding, so arguably it doesn't say much about their conviction.

See our latest analysis for Performance Food Group

Performance Food Group Insider Transactions Over The Last Year

The Chairman & CEO, George Holm, made the biggest insider sale in the last 12 months. That single transaction was for US$4.7m worth of shares at a price of US$73.55 each. That means that even when the share price was below the current price of US$85.30, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 3.0% of George Holm's stake.

In the last year Performance Food Group insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Performance Food Group

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Performance Food Group insiders own 2.2% of the company, currently worth about US$294m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Performance Food Group Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Performance Food Group makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Performance Food Group you should know about.

Of course Performance Food Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.