Performance Food Group (NYSE:PFGC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,461,894 shares of the food distribution company's stock after selling 82,428 shares during the quarter. Principal Financial Group Inc. owned 0.94% of Performance Food Group worth $114,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of Performance Food Group by 15.0% during the 3rd quarter. QRG Capital Management Inc. now owns 4,877 shares of the food distribution company's stock worth $382,000 after purchasing an additional 636 shares during the period. VELA Investment Management LLC lifted its stake in Performance Food Group by 11.8% in the third quarter. VELA Investment Management LLC now owns 42,896 shares of the food distribution company's stock worth $3,362,000 after purchasing an additional 4,518 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Performance Food Group by 260.7% during the third quarter. Farther Finance Advisors LLC now owns 891 shares of the food distribution company's stock valued at $70,000 after buying an additional 644 shares during the period. US Bancorp DE grew its stake in shares of Performance Food Group by 9.2% during the third quarter. US Bancorp DE now owns 3,758 shares of the food distribution company's stock valued at $295,000 after buying an additional 316 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Performance Food Group by 18.0% in the third quarter. First Trust Direct Indexing L.P. now owns 4,252 shares of the food distribution company's stock worth $333,000 after buying an additional 649 shares during the period. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 0.8 %

NYSE:PFGC traded up $0.64 during trading hours on Friday, reaching $85.97. The company's stock had a trading volume of 1,454,003 shares, compared to its average volume of 1,028,922. The stock has a 50 day moving average price of $78.82 and a two-hundred day moving average price of $72.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.70. The company has a market capitalization of $13.40 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. Performance Food Group has a 12 month low of $59.35 and a 12 month 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 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Performance Food Group will post 4.84 EPS for the current fiscal year.

Insider Activity

In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the transaction, the insider now directly owns 149,863 shares of the company's stock, valued at approximately $11,185,774.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider George L. Holm sold 63,500 shares of the company's stock in a transaction dated 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 transaction, the insider now 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares of the company's stock, valued at $11,185,774.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $7,426,075. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

PFGC has been the subject of a number of recent analyst reports. Morgan Stanley restated an "equal weight" rating and set a $92.00 price objective on shares of Performance Food Group in a report on Monday, October 28th. Jefferies Financial Group upped their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Finally, BMO Capital Markets lifted their price target 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $94.50.

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.