Dynasty Wealth Management LLC Sells 591 Shares of Performance Food Group (NYSE:PFGC)

Dynasty Wealth Management LLC cut its stake in Performance Food Group (NYSE:PFGC) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,868 shares of the food distribution company’s stock after selling 591 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Performance Food Group were worth $834,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group in the third quarter worth $26,000. Venturi Wealth Management LLC raised its holdings in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Performance Food Group during the fourth quarter valued at $42,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after buying an additional 239 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Price Performance

PFGC opened at $85.22 on Friday. The company’s 50-day simple moving average is $86.29 and its two-hundred day simple moving average is $82.63. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock has a market capitalization of $13.31 billion, a P/E ratio of 34.36, a P/E/G ratio of 0.96 and a beta of 1.44. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. BMO Capital Markets increased their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays lowered their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.