Performance Food Group (NYSE:PFGC) Shares Sold by Barclays PLC

Barclays PLC reduced its position in shares of Performance Food Group (NYSE:PFGCFree Report) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,319 shares of the food distribution company’s stock after selling 15,345 shares during the period. Barclays PLC owned about 0.07% of Performance Food Group worth $6,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of PFGC. Headlands Technologies LLC purchased a new position in Performance Food Group during the 2nd quarter valued at about $43,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Performance Food Group during the fourth quarter worth about $46,000. Fifth Third Bancorp boosted its stake in shares of Performance Food Group by 50.4% in the third quarter. Fifth Third Bancorp now owns 821 shares of the food distribution company’s stock valued at $48,000 after purchasing an additional 275 shares during the period. Advisory Services Network LLC grew its holdings in shares of Performance Food Group by 1,026.0% in the first quarter. Advisory Services Network LLC now owns 1,081 shares of the food distribution company’s stock valued at $65,000 after purchasing an additional 985 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Performance Food Group during the 1st quarter worth approximately $71,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Performance Food Group in a research note on Thursday, October 19th. They set a “buy” rating and a $80.00 target price for the company. Stephens increased their price target on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on shares of Performance Food Group from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.75.

Check Out Our Latest Stock Analysis on Performance Food Group

Insider Transactions at Performance Food Group

In related news, Director David V. Singer sold 955 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $62.76, for a total value of $59,935.80. Following the completion of the sale, the director now directly owns 9,417 shares of the company’s stock, valued at approximately $591,010.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $72.56 on Friday. The firm has a market capitalization of $11.29 billion, a P/E ratio of 26.48, a P/E/G ratio of 0.95 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. Performance Food Group has a 52 week low of $52.32 and a 52 week high of $74.74. The firm’s 50 day moving average is $69.60 and its two-hundred day moving average is $63.12.

Performance Food Group (NYSE:PFGCGet Free Report) last posted its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The company had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Performance Food Group will post 4.37 EPS for the current fiscal year.

Performance Food Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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