Atria Investments Inc Sells 11,813 Shares of Performance Food Group (NYSE:PFGC)

Atria Investments Inc reduced its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 38.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,980 shares of the food distribution company's stock after selling 11,813 shares during the period. Atria Investments Inc's holdings in Performance Food Group were worth $1,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PFGC. Assetmark Inc. boosted its stake in Performance Food Group by 6.7% in the 3rd quarter. Assetmark Inc. now owns 64,121 shares of the food distribution company's stock worth $5,025,000 after purchasing an additional 4,037 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Performance Food Group by 0.9% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,486 shares of the food distribution company's stock worth $21,973,000 after buying an additional 2,418 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Performance Food Group by 15.0% during the third quarter. QRG Capital Management Inc. now owns 4,877 shares of the food distribution company's stock valued at $382,000 after buying an additional 636 shares in the last quarter. VELA Investment Management LLC raised its position in Performance Food Group by 11.8% during the third quarter. VELA Investment Management LLC now owns 42,896 shares of the food distribution company's stock valued at $3,362,000 after buying an additional 4,518 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Performance Food Group by 260.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the food distribution company's stock worth $70,000 after acquiring an additional 644 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 3.0 %

Shares of PFGC stock opened at $83.20 on Friday. The stock's 50 day simple moving average is $80.06 and its 200 day simple moving average is $72.73. Performance Food Group has a twelve month low of $61.29 and a twelve month high of $89.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 0.92 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. As a group, research analysts predict that Performance Food Group will post 4.71 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on PFGC shares. Wells Fargo & Company lifted their target price on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, August 15th. Truist Financial increased their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

Insider Activity

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. This trade represents a 10.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimberly Grant sold 4,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $749,644.24. This represents a 28.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,500 shares of company stock valued at $7,426,075. 2.80% of the stock is owned by insiders.

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.