Performance Food Group (NYSE:PFGC) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Performance Food Group (NYSE:PFGC) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,063 shares of the food distribution company’s stock after purchasing an additional 1,495 shares during the period. Larson Financial Group LLC’s holdings in Performance Food Group were worth $2,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after buying an additional 139 shares during the last quarter. Creative Planning raised its position in shares of Performance Food Group by 1.2% during the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after acquiring an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after purchasing an additional 160 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Performance Food Group by 0.4% in the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock valued at $3,044,000 after purchasing an additional 186 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Patrick T. Hagerty sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the transaction, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. This trade represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Performance Food Group Stock Up 1.4 %

Shares of NYSE:PFGC opened at $87.59 on Friday. The company has a market capitalization of $13.65 billion, a P/E ratio of 32.32, a P/E/G ratio of 0.93 and a beta of 1.44. The stock’s fifty day simple moving average is $81.33 and its 200-day simple moving average is $73.32. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $89.00. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $15.22 billion. During the same period in the prior year, the business earned $1.15 earnings per share. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Truist Financial boosted 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. Wells Fargo & Company raised their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Piper Sandler lifted their target price on Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, BMO Capital Markets upped their target price on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $94.27.

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.