Performance Food Group (NYSE:PFGC) Position Decreased by First Community Trust NA

First Community Trust NA reduced its holdings in Performance Food Group (NYSE:PFGC) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,463 shares of the food distribution company’s stock after selling 294 shares during the quarter. First Community Trust NA’s holdings in Performance Food Group were worth $691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System lifted its position in shares of Performance Food Group by 21.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,618 shares of the food distribution company’s stock valued at $6,252,000 after acquiring an additional 18,230 shares during the last quarter. Alterna Wealth Management Inc. purchased a new stake in shares of Performance Food Group during the first quarter valued at $209,000. Toroso Investments LLC boosted its position in shares of Performance Food Group by 6.3% in the 1st quarter. Toroso Investments LLC now owns 5,929 shares of the food distribution company’s stock valued at $358,000 after purchasing an additional 354 shares during the period. Ameriprise Financial Inc. increased its stake in Performance Food Group by 2.0% in the 1st quarter. Ameriprise Financial Inc. now owns 405,340 shares of the food distribution company’s stock worth $24,458,000 after purchasing an additional 7,959 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Performance Food Group by 1,026.0% during the 1st quarter. Advisory Services Network LLC now owns 1,081 shares of the food distribution company’s stock worth $65,000 after buying an additional 985 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Performance Food Group

In other news, insider Patrick T. Hagerty sold 2,000 shares of Performance Food Group stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $61.85, for a total value of $123,700.00. Following the transaction, the insider now directly owns 159,035 shares in the company, valued at $9,836,314.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 6,000 shares of company stock worth $362,480. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group raised their target price on shares of Performance Food Group from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Stephens reiterated an “overweight” rating and set a $68.00 price objective on shares of Performance Food Group in a research report on Wednesday, August 16th. Barclays increased their target price on Performance Food Group from $74.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Morgan Stanley downgraded Performance Food Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $74.00 to $66.00 in a report on Tuesday, June 20th. Finally, Jefferies Financial Group increased their price objective on Performance Food Group from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Performance Food Group Stock Up 0.8 %

PFGC traded up $0.49 during midday trading on Friday, hitting $60.37. 270,606 shares of the company’s stock traded hands, compared to its average volume of 1,025,029. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.71 and a quick ratio of 0.75. The company has a market cap of $9.43 billion, a PE ratio of 23.48 and a beta of 1.37. The stock’s fifty day simple moving average is $60.63 and its 200-day simple moving average is $59.13. Performance Food Group has a one year low of $42.77 and a one year high of $64.34.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 16th. The food distribution company reported $1.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.14. Performance Food Group had a return on equity of 17.01% and a net margin of 0.69%. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Performance Food Group will post 4.34 earnings per share for the current fiscal year.

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.