Barclays PLC Sells 30,119 Shares of Performance Food Group (NYSE:PFGC)

Barclays PLC lessened its stake in Performance Food Group (NYSE:PFGC - Free Report) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,321 shares of the food distribution company's stock after selling 30,119 shares during the period. Barclays PLC owned approximately 0.06% of Performance Food Group worth $7,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after acquiring an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at $26,000. Venturi Wealth Management LLC raised its position in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after purchasing an additional 274 shares during the period. UMB Bank n.a. lifted its stake in Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after purchasing an additional 365 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Performance Food Group during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Insider Buying and Selling

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now directly owns 192,868 shares in the company, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PFGC. Truist Financial boosted their target price on Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, November 8th. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. UBS Group raised their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Finally, Melius started coverage on Performance Food Group in a research note on Wednesday. They issued a "hold" rating and a $95.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average price target of $94.33.

Performance Food Group Stock Down 0.8 %

Performance Food Group stock traded down $0.69 on Thursday, hitting $84.46. 835,166 shares of the stock traded hands, compared to its average volume of 1,026,084. The business's fifty day simple moving average is $85.20 and its 200 day simple moving average is $75.57. The firm has a market cap of $13.16 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the firm earned $1.15 EPS. The company's revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Performance Food Group will post 4.73 earnings per share for the current year.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.