Natixis Advisors LLC Lowers Holdings in Performance Food Group (NYSE:PFGC)

Natixis Advisors LLC lessened its stake in Performance Food Group (NYSE:PFGC) by 60.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,958 shares of the food distribution company’s stock after selling 301,224 shares during the quarter. Natixis Advisors LLC owned 0.12% of Performance Food Group worth $12,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PFGC. Kestra Private Wealth Services LLC bought a new stake in Performance Food Group in the 4th quarter worth about $234,000. M&T Bank Corp increased its holdings in Performance Food Group by 8.4% in the 4th quarter. M&T Bank Corp now owns 24,930 shares of the food distribution company’s stock worth $1,724,000 after buying an additional 1,927 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Performance Food Group in the 4th quarter worth about $247,000. Charles Schwab Investment Management Inc. increased its holdings in Performance Food Group by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,392 shares of the food distribution company’s stock worth $76,714,000 after buying an additional 31,587 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in Performance Food Group in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock valued at $7,426,075 in the last quarter. 2.60% of the stock is owned by insiders.

Performance Food Group Trading Down 0.5 %

Shares of NYSE:PFGC opened at $73.15 on Thursday. The company has a market cap of $11.40 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $68.08 and a 200 day moving average of $70.46. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, equities research analysts expect that Performance Food Group will post 4.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on PFGC shares. Barclays lifted their price objective on Performance Food Group from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Morgan Stanley cut their price target on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price target on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Truist Financial boosted their price target on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.38.

About Performance Food Group

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.