Liontrust Investment Partners LLP Sells 438,805 Shares of Performance Food Group (NYSE:PFGC)

Liontrust Investment Partners LLP reduced its position in Performance Food Group (NYSE:PFGC - Free Report) by 90.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,848 shares of the food distribution company's stock after selling 438,805 shares during the quarter. Liontrust Investment Partners LLP's holdings in Performance Food Group were worth $3,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Point72 Asset Management L.P. grew its holdings in shares of Performance Food Group by 414.1% during the fourth quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company's stock valued at $152,011,000 after purchasing an additional 1,770,683 shares during the last quarter. Norges Bank bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $119,726,000. Wellington Management Group LLP grew its holdings in shares of Performance Food Group by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company's stock valued at $447,645,000 after purchasing an additional 397,114 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $11,410,000. Finally, Primecap Management Co. CA bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $11,230,000. 96.87% of the stock is owned by institutional investors.

Performance Food Group Price Performance

Shares of NYSE:PFGC traded up $0.03 on Tuesday, reaching $74.83. 854,680 shares of the company traded hands, compared to its average volume of 1,064,510. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. The company's 50 day moving average is $67.35 and its 200-day moving average is $70.39. The stock has a market capitalization of $11.64 billion, a PE ratio of 27.92, a P/E/G ratio of 0.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $1.14 EPS. The company's revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, August 15th. StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their target price on Performance Food Group from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Jefferies Financial Group upped their target price on Performance Food Group from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Finally, Truist Financial upped their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.38.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares of the company's stock, valued at approximately $39,085,312.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kimberly Grant sold 4,000 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now directly owns 10,184 shares of the company's stock, valued at $749,644.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George L. Holm sold 63,500 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The disclosure for this sale can be found here. Insiders have sold a total of 92,500 shares of company stock valued at $6,829,595 in the last three months. 2.60% of the stock is currently owned by company insiders.

Performance Food Group Profile

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.