Performance Food Group Company (NYSE:PFGC) Stock Holdings Increased by KBC Group NV

KBC Group NV increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,544 shares of the food distribution company’s stock after acquiring an additional 527 shares during the quarter. KBC Group NV’s holdings in Performance Food Group were worth $515,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Highland Capital Management LLC raised its holdings in shares of Performance Food Group by 25.1% during the first quarter. Highland Capital Management LLC now owns 3,647 shares of the food distribution company’s stock valued at $287,000 after acquiring an additional 732 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Performance Food Group by 353.5% during the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock valued at $71,000 after acquiring an additional 707 shares during the period. Steph & Co. raised its holdings in shares of Performance Food Group by 6.7% during the first quarter. Steph & Co. now owns 4,451 shares of the food distribution company’s stock valued at $350,000 after acquiring an additional 280 shares during the period. Moran Wealth Management LLC raised its holdings in shares of Performance Food Group by 1.1% during the first quarter. Moran Wealth Management LLC now owns 94,656 shares of the food distribution company’s stock valued at $7,443,000 after acquiring an additional 989 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Performance Food Group by 2.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 57,679 shares of the food distribution company’s stock valued at $4,535,000 after acquiring an additional 1,457 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Performance Food Group from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Wall Street Zen raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 28th. Citigroup assumed coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They set a “buy” rating and a $121.00 price objective on the stock. UBS Group boosted their price objective on shares of Performance Food Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Truist Financial lowered their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.08.

Insider Activity

In related news, insider A Brent King sold 12,866 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the completion of the transaction, the insider directly owned 60,952 shares in the company, valued at $5,486,899.04. This represents a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Erika T. Davis sold 8,200 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the transaction, the insider owned 46,722 shares of the company’s stock, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,972 shares of company stock valued at $5,964,073 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

PFGC stock opened at $88.87 on Friday. The firm has a 50 day moving average of $86.17 and a two-hundred day moving average of $83.56. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group Company has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 1.25 and a beta of 1.15.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Performance Food Group’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Performance Food Group 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.