Nisa Investment Advisors LLC Sells 900 Shares of Performance Food Group (NYSE:PFGC)

Nisa Investment Advisors LLC decreased its holdings in Performance Food Group (NYSE:PFGC) by 37.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,512 shares of the food distribution company’s stock after selling 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Performance Food Group were worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PFGC. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares in the last quarter. Innealta Capital LLC acquired a new stake in Performance Food Group during the second quarter worth approximately $30,000. UMB Bank n.a. increased its stake in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the period. V Square Quantitative Management LLC acquired a new position in Performance Food Group in the 3rd quarter valued at $36,000. Finally, GAMMA Investing LLC lifted its position in shares of Performance Food Group by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 349 shares during the period. Institutional investors own 96.87% of the company’s stock.

Insiders Place Their Bets

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patrick T. Hagerty sold 8,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $12,152,310.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PFGC shares. Barclays increased their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial increased their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. UBS Group upped their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $93.20.

Performance Food Group Trading Down 2.6 %

Shares of Performance Food Group stock opened at $85.31 on Friday. The firm has a market capitalization of $13.30 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 0.81 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 firm’s 50 day moving average is $78.39 and its 200 day moving average is $71.94. Performance Food Group has a 1 year low of $59.35 and a 1 year high of $89.00.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.05). Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the firm posted $1.15 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal 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.