Performance Food Group (NYSE:PFGC) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,654 shares of the food distribution company's stock after selling 3,591 shares during the quarter. Performance Food Group comprises approximately 1.4% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 16th biggest position. Thompson Investment Management Inc. owned about 0.08% of Performance Food Group worth $10,032,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its stake in shares of Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock valued at $354,000 after acquiring an additional 139 shares during the last quarter. Creative Planning lifted its holdings in shares of 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 purchasing an additional 140 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Performance Food Group by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company's stock worth $329,000 after acquiring an additional 142 shares during the last quarter. Highland Capital Management LLC lifted its holdings in shares of Performance Food Group by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock valued at $246,000 after purchasing an additional 183 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction 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. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.

Performance Food Group Trading Up 1.8 %

NYSE:PFGC traded up $1.50 on Wednesday, hitting $85.45. 1,912,351 shares of the stock were exchanged, compared to its average volume of 1,178,430. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The stock has a market cap of $13.35 billion, a PE ratio of 34.46, a PEG ratio of 0.96 and a beta of 1.44. The stock has a fifty day moving average of $87.09 and a 200-day moving average of $81.14.

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

Analysts Set New Price Targets

A number of research firms recently commented on PFGC. UBS Group lifted their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Guggenheim increased their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Morgan Stanley increased their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Truist Financial upped their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Melius Research raised shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Performance Food Group presently has an average rating of "Moderate Buy" and an average target price of $95.73.

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.