Principia Wealth Advisory LLC Has $940,000 Position in Performance Food Group Company $PFGC

Principia Wealth Advisory LLC raised its holdings in Performance Food Group Company (NYSE:PFGC) by 64,576.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,408 shares of the food distribution company’s stock after buying an additional 8,395 shares during the quarter. Principia Wealth Advisory LLC’s holdings in Performance Food Group were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PFGC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Performance Food Group by 0.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock valued at $3,372,000 after acquiring an additional 121 shares in the last quarter. HB Wealth Management LLC lifted its stake in Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after purchasing an additional 122 shares during the period. Arax Advisory Partners lifted its stake in Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after purchasing an additional 140 shares during the period. Smartleaf Asset Management LLC lifted its stake in Performance Food Group by 16.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after purchasing an additional 143 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in Performance Food Group by 6.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock valued at $243,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

In related news, insider Erika Davis sold 1,320 shares of Performance Food Group stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $138,982.80. Following the completion of the transaction, the insider directly owned 40,402 shares of the company’s stock, valued at $4,253,926.58. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chasity D. Grosh sold 643 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $104.42, for a total transaction of $67,142.06. Following the transaction, the insider owned 7,222 shares in the company, valued at approximately $754,121.24. This trade represents a 8.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 57,750 shares of company stock valued at $6,019,910. 4.50% of the stock is currently owned by company insiders.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $98.60 on Monday. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 1.27 and a beta of 0.88. The firm’s 50-day moving average price is $109.33 and its two-hundred day moving average price is $98.78. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The firm had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. On average, equities analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Performance Food Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Citigroup boosted their price target on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a report on Thursday, August 13th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $126.90.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.