Allworth Financial LP Sells 1,288 Shares of Performance Food Group Company (NYSE:PFGC)

Allworth Financial LP decreased its holdings in Performance Food Group Company (NYSE:PFGC) by 68.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585 shares of the food distribution company’s stock after selling 1,288 shares during the period. Allworth Financial LP’s holdings in Performance Food Group were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in Performance Food Group by 11.9% in the 4th quarter. HighTower Advisors LLC now owns 9,047 shares of the food distribution company’s stock worth $765,000 after buying an additional 965 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Performance Food Group in the 4th quarter valued at about $230,000. Xponance Inc. boosted its position in Performance Food Group by 9.0% in the 4th quarter. Xponance Inc. now owns 20,416 shares of the food distribution company’s stock valued at $1,726,000 after buying an additional 1,690 shares during the period. Millstone Evans Group LLC bought a new position in Performance Food Group in the 4th quarter worth about $26,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Performance Food Group by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company’s stock worth $8,964,000 after acquiring an additional 3,112 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $98.66 on Friday. Performance Food Group Company has a 12-month low of $63.24 and a 12-month high of $100.46. The business’s fifty day simple moving average is $88.65 and its 200-day simple moving average is $84.22. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49. The company has a market cap of $15.40 billion, a PE ratio of 41.11, a PEG ratio of 1.39 and a beta of 1.15.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results 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). The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. Performance Food Group’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of Performance Food Group stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the insider owned 35,239 shares of the company’s stock, valued at approximately $3,347,705. The trade was a 5.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Erika T. Davis sold 8,200 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $89.72, for a total value of $735,704.00. Following the sale, the insider owned 46,722 shares in the company, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,172 shares of company stock valued at $7,534,748. Corporate insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial dropped their price objective on Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Citigroup assumed coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They issued a “buy” rating and a $121.00 price objective for the company. Barclays increased their target price on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Morgan Stanley boosted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Finally, UBS Group upped their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.31.

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.