Wolverine Asset Management LLC Sells 300 Shares of Performance Food Group (NYSE:PFGC)

Wolverine Asset Management LLC lessened its stake in Performance Food Group (NYSE:PFGC) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,187 shares of the food distribution company’s stock after selling 300 shares during the quarter. Wolverine Asset Management LLC’s holdings in Performance Food Group were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Performance Food Group in the 1st quarter valued at about $29,000. Innealta Capital LLC bought a new position in Performance Food Group in the second quarter valued at approximately $30,000. Mather Group LLC. bought a new position in Performance Food Group in the first quarter valued at approximately $44,000. GAMMA Investing LLC grew its holdings in Performance Food Group by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after acquiring an additional 349 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Performance Food Group during the 4th quarter valued at $87,000. 96.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Performance Food Group

In other news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares of the company’s stock, valued at approximately $12,152,310.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Patrick T. Hagerty sold 8,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares of the company’s stock, valued at approximately $12,152,310.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred 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 sold a total of 100,500 shares of company stock worth $7,426,075 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PFGC. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their price objective on shares of Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Truist Financial upped their target price on shares of Performance Food Group from $86.00 to $88.00 and gave the stock 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.38.

Performance Food Group Stock Performance

Shares of PFGC opened at $71.56 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The firm has a fifty day simple moving average of $68.30 and a 200 day simple moving average of $70.46. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 0.82 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. The company had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. Research analysts forecast that Performance Food Group will post 4.87 EPS for the current fiscal year.

Performance Food Group 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.