Performance Food Group Company $PFGC Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lessened its stake in Performance Food Group Company (NYSE:PFGC) by 29.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,470 shares of the food distribution company’s stock after selling 12,587 shares during the period. Motley Fool Asset Management LLC’s holdings in Performance Food Group were worth $2,740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Performance Food Group by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after acquiring an additional 184,066 shares during the period. Empowered Funds LLC purchased a new position in shares of Performance Food Group during the first quarter worth $359,000. EverSource Wealth Advisors LLC raised its stake in shares of Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 537 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Performance Food Group in the second quarter valued at $230,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Performance Food Group by 499.5% in the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after acquiring an additional 273,997 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In other Performance Food Group news, Director Kimberly Grant sold 2,500 shares of Performance Food Group stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the sale, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. The trade was a 17.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider A Brent King sold 3,518 shares of Performance Food Group stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $100.00, for a total value of $351,800.00. Following the completion of the sale, the insider directly owned 50,371 shares in the company, valued at $5,037,100. This represents a 6.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,731 shares of company stock worth $1,916,460 over the last quarter. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Citigroup lifted their target price on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays lifted their target price on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Price Performance

Shares of PFGC opened at $100.76 on Thursday. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05. The stock’s 50 day moving average is $92.15 and its two-hundred day moving average is $92.20. The firm has a market capitalization of $15.83 billion, a PE ratio of 47.98, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40.

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

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.