Performance Food Group (NYSE:PFGC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538,588 shares of the food distribution company's stock after selling 172,258 shares during the period. Victory Capital Management Inc. owned about 0.99% of Performance Food Group worth $120,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFGC. Allspring Global Investments Holdings LLC boosted its holdings in Performance Food Group by 12.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,305 shares of the food distribution company's stock worth $396,000 after buying an additional 584 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Performance Food Group by 339.5% during the first quarter. Headlands Technologies LLC now owns 3,072 shares of the food distribution company's stock worth $229,000 after purchasing an additional 2,373 shares in the last quarter. QRG Capital Management Inc. raised its stake in Performance Food Group by 5.8% in the 1st quarter. QRG Capital Management Inc. now owns 4,243 shares of the food distribution company's stock valued at $317,000 after purchasing an additional 233 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Performance Food Group in the 1st quarter valued at $238,000. Finally, William Blair Investment Management LLC lifted its holdings in Performance Food Group by 19.1% in the 1st quarter. William Blair Investment Management LLC now owns 100,082 shares of the food distribution company's stock valued at $7,470,000 after purchasing an additional 16,039 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PFGC. Barclays increased their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Wells Fargo & Company increased their price target on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $92.00 price objective on shares of Performance Food Group in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

Performance Food Group Trading Down 0.9 %

Performance Food Group stock traded down $0.78 during mid-day trading on Wednesday, hitting $85.31. The company's stock had a trading volume of 997,777 shares, compared to its average volume of 1,027,527. The stock's fifty day moving average is $79.33 and its two-hundred day moving average is $72.45. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $13.29 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.44. Performance Food Group has a 1 year low of $61.29 and a 1 year high of $89.00.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share. On average, analysts anticipate that Performance Food Group will post 4.71 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, 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 transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated 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 completion of the transaction, the insider now directly owns 531,556 shares of the company's stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott E. Mcpherson sold 25,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at $11,185,774.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $7,426,075 over the last three months. 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.