Trust Point Inc. Has $393,000 Stock Position in Performance Food Group (NYSE:PFGC)

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

A number of other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares during the last quarter. Creative Planning raised its holdings in Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock valued at $916,000 after buying an additional 140 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Performance Food Group by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after buying an additional 142 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $469,000 after buying an additional 160 shares in the last quarter. Finally, Highland Capital Management LLC raised its holdings in Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Down 2.8 %

Shares of PFGC opened at $88.04 on Thursday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. 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 firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 0.97 and a beta of 1.44. The stock’s 50-day moving average price is $87.32 and its 200 day moving average price is $80.43.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PFGC shares. 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 report on Monday, November 18th. 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 report on Friday, November 8th. Guggenheim raised their target price on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Melius started coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.67.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

About Performance Food Group

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.