Seneca House Advisors Has $6.18 Million Position in Performance Food Group (NYSE:PFGC)

Seneca House Advisors reduced its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,039 shares of the food distribution company's stock after selling 12,705 shares during the quarter. Performance Food Group accounts for about 2.4% of Seneca House Advisors' investment portfolio, making the stock its 15th largest holding. Seneca House Advisors' holdings in Performance Food Group were worth $6,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PFGC. Blue Trust Inc. boosted its stake in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group in the third quarter valued at about $26,000. Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 274 shares during the period. UMB Bank n.a. grew its holdings in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after buying an additional 365 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PFGC shares. UBS Group upped their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Finally, BMO Capital Markets raised their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.67.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded up $0.16 during mid-day trading on Friday, reaching $88.88. 1,176,648 shares of the company were exchanged, compared to its average volume of 914,057. The stock has a market capitalization of $13.85 billion, a P/E ratio of 32.80, a P/E/G ratio of 0.96 and a beta of 1.43. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The company's 50-day simple moving average is $86.57 and its 200-day simple moving average is $78.76. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

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 (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The company had revenue of $15.42 billion for 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%. The company's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.15 earnings per share. As a group, research analysts predict that Performance Food Group will post 4.74 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The shares were 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 directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company's stock.

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.