Performance Food Group (NYSE:PFGC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its stake in Performance Food Group (NYSE:PFGC - Free Report) by 93.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,804 shares of the food distribution company's stock after selling 42,333 shares during the period. Stifel Financial Corp's holdings in Performance Food Group were worth $220,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PFGC. Blue Trust Inc. boosted its holdings in Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its holdings in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. UMB Bank n.a. increased its stake in Performance Food Group by 414.8% during the 3rd 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 during the period. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group during the 3rd quarter worth approximately $36,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

PFGC traded down $0.87 on Monday, reaching $84.19. The company had a trading volume of 987,500 shares, compared to its average volume of 1,022,158. The stock has a 50-day moving average price of $85.61 and a 200-day moving average price of $76.48. The stock has a market capitalization of $13.12 billion, a PE ratio of 31.07, a P/E/G ratio of 0.95 and a beta of 1.44. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. As a group, research analysts forecast that Performance Food Group will post 4.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PFGC. Wells Fargo & Company upped their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Truist Financial upped their price target on Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.33.

Insiders Place Their Bets

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 172,372 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by 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.