Performance Food Group (NYSE:PFGC) Position Lifted by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in Performance Food Group (NYSE:PFGC) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,063 shares of the food distribution company’s stock after acquiring an additional 1,495 shares during the period. Larson Financial Group LLC’s holdings in Performance Food Group were worth $2,983,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in Performance Food Group by 21.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,625 shares of the food distribution company’s stock worth $644,000 after purchasing an additional 1,551 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Performance Food Group during the 1st quarter valued at about $179,000. Price T Rowe Associates Inc. MD raised its stake in Performance Food Group by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,054,625 shares of the food distribution company’s stock worth $78,718,000 after acquiring an additional 16,580 shares during the period. Dynasty Wealth Management LLC bought a new position in Performance Food Group in the first quarter worth about $722,000. Finally, Tidal Investments LLC boosted its stake in Performance Food Group by 15.3% in the first quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company’s stock valued at $586,000 after acquiring an additional 1,042 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Truist Financial raised their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Guggenheim lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.27.

Performance Food Group Trading Up 1.4 %

Shares of Performance Food Group stock opened at $87.59 on Friday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $89.00. The company’s fifty day simple moving average is $81.33 and its 200-day simple moving average is $73.32. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 0.93 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the prior year, the business posted $1.15 EPS. Performance Food Group’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Performance Food Group will post 4.73 EPS for the current year.

Insider Activity

In related news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares in the company, valued at $12,152,310.72. This trade represents a 4.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

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.