Performance Food Group (NYSE:PFGC) Shares Acquired by Trust Point Inc.

Trust Point Inc. lifted its stake in shares of Performance Food Group (NYSE:PFGC) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,645 shares of the food distribution company’s stock after purchasing an additional 894 shares during the quarter. Trust Point Inc.’s holdings in Performance Food Group were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its position in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its position in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. V Square Quantitative Management LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at approximately $36,000. Finally, UMB Bank n.a. increased its position in Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after acquiring an additional 365 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PFGC shares. Barclays raised their target price on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Piper Sandler raised their target price on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Guggenheim lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $94.67.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares of the company’s stock, valued at $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by insiders.

Performance Food Group Stock Performance

PFGC opened at $88.04 on Thursday. The firm has a market cap of $13.72 billion, a PE ratio of 32.49, a P/E/G ratio of 0.97 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $87.32 and a 200-day simple moving average of $80.43. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. As a group, equities analysts predict that Performance Food Group will post 4.74 EPS for the current fiscal year.

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.