Charles Schwab Investment Management Inc. Increases Position in Performance Food Group Company (NYSE:PFGC)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,282,070 shares of the food distribution company's stock after acquiring an additional 60,745 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Performance Food Group worth $100,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PFGC. CENTRAL TRUST Co increased its holdings 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 valued at $39,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $40,000 after buying an additional 334 shares in the last quarter. Signaturefd LLC lifted its holdings in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after purchasing an additional 314 shares during the last quarter. Golden State Wealth Management LLC grew its position in Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after acquiring an additional 707 shares during the period. Finally, Versant Capital Management Inc grew its holdings in shares of Performance Food Group by 34,133.3% during the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock worth $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 Buying and Selling

In other news, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the transaction, the insider directly owned 46,722 shares of the company's stock, valued at $4,191,897.84. The trade was a 14.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.00, for a total value of $216,360.00. Following the sale, the insider owned 51,350 shares in the company, valued at $4,621,500. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,059 shares of company stock valued at $5,861,405 over the last three months. Company insiders own 2.80% of the company's stock.

Performance Food Group Price Performance

Performance Food Group stock traded down $2.75 during mid-day trading on Friday, reaching $98.00. 2,226,383 shares of the company's stock traded hands, compared to its average volume of 1,826,174. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $103.50. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.37 and a beta of 1.20. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $93.38 and a two-hundred day moving average of $85.91.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $16.85 billion. During the same period last year, the firm posted $1.45 EPS. Performance Food Group's revenue was up 11.2% on a year-over-year basis. Equities analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PFGC. Truist Financial increased their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Barclays lifted their target price on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wells Fargo & Company set a $115.00 target price on Performance Food Group and gave the company an "overweight" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

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.