7,960 Shares in Performance Food Group Company $PFGC Bought by Net Worth Advisory Group

Net Worth Advisory Group purchased a new stake in Performance Food Group Company (NYSE:PFGC) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,960 shares of the food distribution company’s stock, valued at approximately $716,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. AE Wealth Management LLC purchased a new stake in shares of Performance Food Group in the third quarter worth about $1,666,000. Norges Bank acquired a new stake in shares of Performance Food Group in the second quarter valued at about $163,954,000. Braun Stacey Associates Inc. purchased a new stake in shares of Performance Food Group during the 3rd quarter valued at about $13,055,000. Strs Ohio raised its holdings in shares of Performance Food Group by 54.4% during the 3rd quarter. Strs Ohio now owns 149,751 shares of the food distribution company’s stock valued at $15,580,000 after buying an additional 52,734 shares during the period. Finally, Close Asset Management Ltd lifted its position in Performance Food Group by 7.5% during the 3rd quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company’s stock worth $216,536,000 after acquiring an additional 145,387 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PFGC. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Barclays dropped their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Citigroup reduced their target price on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Finally, Morgan Stanley lowered their price target on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $116.44.

Performance Food Group Trading Down 2.4%

Shares of PFGC opened at $83.03 on Friday. Performance Food Group Company has a one year low of $68.39 and a one year high of $109.05. The stock has a 50-day moving average price of $92.03 and a 200 day moving average price of $95.36. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60. The company has a market capitalization of $13.02 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.17 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The business had revenue of $16.44 billion for the quarter, compared to analysts’ expectations of $16.54 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Performance Food Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In related news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the completion of the sale, the insider owned 6,601 shares in the company, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.50% of the company’s stock.

About Performance Food Group

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.