SG Americas Securities LLC Sells 3,657 Shares of Performance Food Group (NYSE:PFGC)

SG Americas Securities LLC trimmed its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 73.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,321 shares of the food distribution company's stock after selling 3,657 shares during the period. SG Americas Securities LLC's holdings in Performance Food Group were worth $112,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PFGC. Sanctuary Advisors LLC purchased a new stake in shares of Performance Food Group during the second quarter valued at $243,000. UMB Bank n.a. lifted its stake in Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after acquiring an additional 365 shares in the last quarter. CX Institutional lifted its stake in Performance Food Group by 15.4% in the 3rd quarter. CX Institutional now owns 19,807 shares of the food distribution company's stock worth $1,552,000 after acquiring an additional 2,641 shares in the last quarter. Creative Planning lifted its stake in Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock worth $916,000 after acquiring an additional 140 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Performance Food Group in the 3rd quarter worth about $36,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PFGC has been the subject of several research analyst reports. Guggenheim increased their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. UBS Group increased their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Melius assumed coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.73.

Performance Food Group Stock Down 0.9 %

Shares of NYSE PFGC traded down $0.75 during mid-day trading on Friday, reaching $87.20. 1,114,451 shares of the company traded hands, compared to its average volume of 1,099,114. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 1.67. The stock has a market cap of $13.62 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company's fifty day moving average is $86.90 and its two-hundred day moving average is $81.45. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, analysts expect that Performance Food Group will post 4.6 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm'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 sale, the insider now owns 172,372 shares of the company's stock, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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.