AEGON ASSET MANAGEMENT UK Plc Trims Position in Performance Food Group (NYSE:PFGC)

AEGON ASSET MANAGEMENT UK Plc lowered its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,733 shares of the food distribution company's stock after selling 17,048 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.16% of Performance Food Group worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after purchasing an additional 226 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Performance Food Group by 34,133.3% in the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock valued at $81,000 after purchasing an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 14,285 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total value of $1,195,654.50. Following the completion of the sale, the insider now directly owns 138,008 shares of the company's stock, valued at $11,551,269.60. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Brent King sold 12,866 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the completion of the sale, the insider now directly owns 60,952 shares of the company's stock, valued at $5,486,899.04. The trade was a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,972 shares of company stock valued at $5,964,073 over the last ninety days. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Up 0.6%

Shares of Performance Food Group stock traded up $0.54 during trading on Friday, hitting $88.30. 834,107 shares of the stock were exchanged, compared to its average volume of 1,118,207. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The firm's 50-day moving average price is $81.88 and its 200 day moving average price is $83.73. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period last year, the firm posted $0.80 earnings per share. Performance Food Group's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PFGC has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. UBS Group raised their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays raised their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Truist Financial decreased their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.08.

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.