Performance Food Group Company $PFGC Stock Holdings Trimmed by Strs Ohio

Strs Ohio decreased its holdings in Performance Food Group Company (NYSE:PFGC) by 33.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,652 shares of the food distribution company’s stock after selling 23,305 shares during the quarter. Strs Ohio’s holdings in Performance Food Group were worth $3,911,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PFGC. Arax Advisory Partners grew its position in Performance Food Group by 7.4% in the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after buying an additional 140 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of 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 valued at $91,000 after acquiring an additional 143 shares during the period. US Bancorp DE raised its holdings in Performance Food Group by 4.6% during the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after purchasing an additional 144 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock worth $243,000 after purchasing an additional 173 shares during the period. Finally, UMB Bank n.a. boosted its stake in Performance Food Group by 10.3% during the 4th quarter. UMB Bank n.a. now owns 1,941 shares of the food distribution company’s stock valued at $175,000 after purchasing an additional 181 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on PFGC. TD Cowen assumed coverage on Performance Food Group in a report on Monday. They issued a “buy” rating and a $128.00 price objective for the company. Citigroup boosted their price target on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Wednesday, June 24th. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.73.

Performance Food Group Stock Up 2.2%

NYSE:PFGC traded up $2.53 during trading hours on Tuesday, hitting $116.27. 111,710 shares of the company’s stock traded hands, compared to its average volume of 2,019,639. The stock’s fifty day moving average price is $99.13 and its two-hundred day moving average price is $93.85. The firm has a market cap of $18.26 billion, a P/E ratio of 55.35, a P/E/G ratio of 1.41 and a beta of 0.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $116.26.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. On average, research analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 2,595 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $110.00, for a total value of $285,450.00. Following the transaction, the insider owned 40,446 shares in the company, valued at approximately $4,449,060. This represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider A Brent King sold 6,111 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the completion of the sale, the insider owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. The trade was a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,187 shares of company stock valued at $3,027,315. Company 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.