Blue Trust Inc. Grows Holdings in Performance Food Group (NYSE:PFGC)

Blue Trust Inc. boosted its position in Performance Food Group (NYSE:PFGC) by 72.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 566 shares of the food distribution company’s stock after purchasing an additional 238 shares during the period. Blue Trust Inc.’s holdings in Performance Food Group were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PFGC. Creative Planning boosted its stake in shares of Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after buying an additional 140 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Performance Food Group by 23.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,048 shares of the food distribution company’s stock worth $709,000 after acquiring an additional 1,689 shares during the period. International Assets Investment Management LLC boosted its position in Performance Food Group by 701.5% in the third quarter. International Assets Investment Management LLC now owns 12,696 shares of the food distribution company’s stock worth $995,000 after purchasing an additional 11,112 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Performance Food Group by 2.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 53,103 shares of the food distribution company’s stock valued at $4,160,000 after purchasing an additional 1,225 shares during the period. Finally, abrdn plc increased its position in shares of Performance Food Group by 7.5% during the 3rd quarter. abrdn plc now owns 17,050 shares of the food distribution company’s stock valued at $1,336,000 after purchasing an additional 1,183 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PFGC. Barclays cut their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Truist Financial lifted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Insiders Place Their Bets

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Stock Up 0.8 %

Performance Food Group stock opened at $82.80 on Thursday. The firm has a 50 day simple moving average of $86.31 and a 200 day simple moving average of $82.49. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, analysts predict that Performance Food Group will post 4.58 earnings per share for the current 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.