Performance Food Group Company (NYSE:PFGC) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its position in shares of Performance Food Group Company (NYSE:PFGC) by 11.9% during the first quarter, Holdings Channel reports. The firm owned 4,306 shares of the food distribution company’s stock after acquiring an additional 457 shares during the quarter. US Bancorp DE’s holdings in Performance Food Group were worth $339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in PFGC. CENTRAL TRUST Co increased its position in shares of Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock worth $40,000 after buying an additional 334 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after buying an additional 314 shares during the last quarter. Golden State Wealth Management LLC grew 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 worth $71,000 after buying an additional 707 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Performance Food Group by 34,133.3% during the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock worth $81,000 after buying an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $101.37 on Thursday. The business’s 50 day simple moving average is $92.92 and its 200-day simple moving average is $85.81. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $103.50.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. As a group, equities analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other news, insider Donald S. Bulmer sold 2,404 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.00, for a total transaction of $216,360.00. Following the sale, the insider owned 51,350 shares of the company’s stock, valued at $4,621,500. The trade was a 4.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the insider directly owned 35,239 shares in the company, valued at $3,347,705. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,059 shares of company stock worth $5,861,405. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PFGC. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an “overweight” rating in a report on Thursday, May 29th. Citigroup began coverage on Performance Food Group in a report on Thursday, May 22nd. They set a “buy” rating and a $121.00 price target on the stock. Wall Street Zen lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Sunday, July 6th. Truist Financial lowered their price target on Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley raised their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $102.38.

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.