Thrivent Financial for Lutherans Sells 1,392 Shares of Performance Food Group (NYSE:PFGC)

Thrivent Financial for Lutherans decreased its position in Performance Food Group (NYSE:PFGC) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,598 shares of the food distribution company’s stock after selling 1,392 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Performance Food Group were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. 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 purchased a new stake in Performance Food Group during the second quarter valued at approximately $30,000. Mather Group LLC. bought a new stake in shares of Performance Food Group in the 1st quarter valued at approximately $44,000. GAMMA Investing LLC boosted its holdings in shares of Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 349 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Performance Food Group during the 2nd quarter valued at approximately $105,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Performance Food Group

In related news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction dated 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 directly owns 162,987 shares in the company, valued at $12,152,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the insider now directly owns 162,987 shares in the company, valued at $12,152,310.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group 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 transaction, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,500 shares of company stock valued at $7,426,075. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on PFGC. BMO Capital Markets raised their price target on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Truist Financial raised their target price on shares of Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” 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 report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft raised 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 note on Thursday, August 15th. Finally, Barclays upped their target price on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Price Performance

Performance Food Group stock opened at $78.35 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44. The firm has a 50-day moving average of $71.89 and a two-hundred day moving average of $70.32. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $79.59.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The firm had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, research analysts forecast that Performance Food Group will post 4.87 earnings per share for the current year.

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.