Bridgewater Advisors Inc. Sells 13,702 Shares of Performance Food Group Company (NYSE:PFGC)

Bridgewater Advisors Inc. decreased its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 76.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,242 shares of the food distribution company's stock after selling 13,702 shares during the period. Bridgewater Advisors Inc.'s holdings in Performance Food Group were worth $341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PFGC. Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group during the fourth quarter worth about $26,000. CENTRAL TRUST Co grew its position in shares of Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares in the last quarter. Signaturefd LLC grew its stake in Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after purchasing an additional 314 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after buying an additional 707 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Down 0.5%

Shares of NYSE PFGC traded down $0.47 during midday trading on Friday, reaching $98.66. The company had a trading volume of 1,273,037 shares, compared to its average volume of 1,142,150. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group Company has a one year low of $63.24 and a one year high of $100.46. The stock has a market cap of $15.40 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The firm's fifty day moving average price is $88.65 and its 200-day moving average price is $84.22.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The company had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Truist Financial reduced 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. Citigroup began coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective on the stock. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Barclays upped their price target on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and a consensus target price of $100.31.

Insiders Place Their Bets

In related news, insider Donald S. Bulmer sold 2,404 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.00, for a total value of $216,360.00. Following the completion of the transaction, the insider owned 51,350 shares of the company's stock, valued at $4,621,500. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the insider owned 35,239 shares of the company's stock, valued at $3,347,705. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,172 shares of company stock worth $7,534,748 in the last quarter. 2.80% of the stock is owned by corporate insiders.

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.