Performance Food Group (NYSE:PFGC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in Performance Food Group (NYSE:PFGC) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,338 shares of the food distribution company’s stock after selling 252 shares during the quarter. ProShare Advisors LLC’s holdings in Performance Food Group were worth $485,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Performance Food Group by 0.5% in the 1st quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock valued at $1,606,782,000 after acquiring an additional 100,244 shares during the period. Wellington Management Group LLP increased its holdings in Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock valued at $447,645,000 after purchasing an additional 397,114 shares during the last quarter. Jennison Associates LLC raised its position in Performance Food Group by 2.5% in the first quarter. Jennison Associates LLC now owns 2,349,714 shares of the food distribution company’s stock valued at $175,383,000 after purchasing an additional 56,242 shares during the period. Point72 Asset Management L.P. lifted its stake in Performance Food Group by 414.1% during the fourth quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after purchasing an additional 1,770,683 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Performance Food Group by 27.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after buying an additional 469,500 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other news, insider Scott E. Mcpherson sold 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares of the company’s stock, valued at approximately $11,185,774.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $7,426,075 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $78.35 on Tuesday. The business has a 50-day simple moving average of $71.89 and a 200-day simple moving average of $70.32. The company has a market cap of $12.19 billion, a PE ratio of 29.24, a P/E/G ratio of 0.85 and a beta of 1.44. Performance Food Group has a one year low of $52.92 and a one year high of $79.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The company had revenue of $15.20 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. On average, equities research analysts forecast that Performance Food Group will post 4.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PFGC shares. Barclays boosted their price objective on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley reduced their price target on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group increased their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.