Larson Financial Group LLC increased its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,446 shares of the food distribution company's stock after acquiring an additional 3,383 shares during the period. Larson Financial Group LLC's holdings in Performance Food Group were worth $3,504,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group during the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC raised its position in Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after acquiring an additional 274 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Performance Food Group during the fourth quarter worth $42,000. Blue Trust Inc. lifted its stake in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after acquiring an additional 212 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after acquiring an additional 239 shares during the period. 96.87% of the stock is currently owned by institutional investors.
Performance Food Group Price Performance
Shares of PFGC traded down $0.91 during midday trading on Friday, hitting $77.80. The company's stock had a trading volume of 2,534,627 shares, compared to its average volume of 1,215,371. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The company's fifty day simple moving average is $85.84 and its two-hundred day simple moving average is $83.06.
Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.
Insider Buying and Selling at Performance Food Group
In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares of the company's stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Barclays lowered their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Melius initiated coverage on Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target for the company. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average price target of $95.73.
Check Out Our Latest Research Report on PFGC
Performance Food Group Profile
(
Free Report)
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.
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