Hantz Financial Services Inc. Invests $718,000 in Performance Food Group (NYSE:PFGC)

Hantz Financial Services Inc. bought a new stake in Performance Food Group (NYSE:PFGC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,863 shares of the food distribution company's stock, valued at approximately $718,000.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company's stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. Hanlon Investment Management Inc. raised its position in shares of Performance Food Group by 1.4% in the first quarter. Hanlon Investment Management Inc. now owns 14,011 shares of the food distribution company's stock valued at $1,046,000 after purchasing an additional 194 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Performance Food Group by 1.9% in the first quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company's stock worth $819,000 after buying an additional 200 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Performance Food Group by 5.8% during the 1st quarter. QRG Capital Management Inc. now owns 4,243 shares of the food distribution company's stock worth $317,000 after buying an additional 233 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company's stock worth $58,000 after acquiring an additional 349 shares during the period. 96.87% of the stock is owned by institutional investors.

Performance Food Group Price Performance

Shares of PFGC stock traded down $0.30 during mid-day trading on Friday, reaching $74.64. The company's stock had a trading volume of 876,299 shares, compared to its average volume of 1,088,061. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. The firm's 50-day moving average is $67.78 and its two-hundred day moving average is $70.45. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $78.54. The company has a market cap of $11.63 billion, a P/E ratio of 27.85, a PEG ratio of 0.82 and a beta of 1.42.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm had revenue of $15.20 billion for the quarter, compared to analysts' expectations of $15.25 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Performance Food Group will post 4.87 earnings per share for the current year.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kimberly Grant sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at $749,644.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George L. Holm sold 63,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 531,556 shares of the company's stock, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,500 shares of company stock valued at $6,829,595. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. Truist Financial lifted their price target 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. StockNews.com raised Performance Food Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Barclays boosted their target price on shares of Performance Food Group from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group increased their price target on shares of Performance Food Group from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.38.

Performance Food Group Company 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.