Entropy Technologies LP Acquires 15,185 Shares of Performance Food Group (NYSE:PFGC)

Entropy Technologies LP boosted its holdings in Performance Food Group (NYSE:PFGC) by 203.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,664 shares of the food distribution company’s stock after purchasing an additional 15,185 shares during the period. Entropy Technologies LP’s holdings in Performance Food Group were worth $1,776,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its position in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 365 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $30,000. 96.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction 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 owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the sale, the director now owns 10,184 shares in the company, valued at $749,644.24. 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 worth $7,426,075 over the last three months. 2.80% of the stock is owned by insiders.

Performance Food Group Stock Down 1.3 %

Shares of NYSE:PFGC opened at $86.09 on Wednesday. The firm has a fifty day moving average price of $79.08 and a two-hundred day moving average price of $72.32. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 0.94 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. Performance Food Group has a one year low of $60.59 and a one year high of $89.00.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the prior year, the business posted $1.15 EPS. Performance Food Group’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Performance Food Group will post 4.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PFGC shares. Barclays increased their price objective on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group upped their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Performance Food Group Company Profile

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.