Wiley BROS. Aintree Capital LLC Cuts Stock Holdings in Performance Food Group (NYSE:PFGC)

Wiley BROS. Aintree Capital LLC reduced its stake in Performance Food Group (NYSE:PFGC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,345 shares of the food distribution company’s stock after selling 661 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Performance Food Group were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PFGC. Fifth Third Bancorp raised its holdings in shares of Performance Food Group by 130.0% during the 1st quarter. Fifth Third Bancorp now owns 460 shares of the food distribution company’s stock valued at $28,000 after buying an additional 260 shares in the last quarter. Sageworth Trust Co purchased a new position in shares of Performance Food Group during the first quarter worth approximately $38,000. Twin Tree Management LP purchased a new position in shares of Performance Food Group during the first quarter worth approximately $44,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $46,000. Finally, Smithfield Trust Co purchased a new stake in shares of Performance Food Group in the 1st quarter valued at $56,000. 96.64% of the stock is currently owned by institutional investors.

Performance Food Group Trading Up 1.2 %

Shares of Performance Food Group stock traded up $0.71 during midday trading on Thursday, reaching $60.16. 238,563 shares of the company’s stock traded hands, compared to its average volume of 1,025,031. The stock has a 50 day moving average of $60.63 and a 200-day moving average of $59.13. Performance Food Group has a 12 month low of $42.77 and a 12 month high of $64.34. The company has a market cap of $9.40 billion, a PE ratio of 23.32 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.75 and a current ratio of 1.71.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 16th. The food distribution company reported $1.14 EPS for the quarter, hitting the consensus estimate of $1.14. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $15.07 billion. Performance Food Group had a net margin of 0.69% and a return on equity of 17.01%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. As a group, equities analysts expect that Performance Food Group will post 4.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on PFGC. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Performance Food Group in a research note on Wednesday, August 16th. Jefferies Financial Group boosted their target price on Performance Food Group from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Morgan Stanley lowered Performance Food Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $74.00 to $66.00 in a research report on Tuesday, June 20th. UBS Group boosted their price objective on Performance Food Group from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Finally, StockNews.com initiated coverage on shares of Performance Food Group in a report on Thursday, August 17th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Insiders Place Their Bets

In other news, insider Patrick T. Hagerty sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.76, for a total value of $119,520.00. Following the completion of the transaction, the insider now owns 147,790 shares in the company, valued at approximately $8,831,930.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 6,000 shares of company stock worth $362,480 over the last three months. Company 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.