Css LLC Il Sells 4,040 Shares of Performance Food Group (NYSE:PFGC)

CSS LLC IL reduced its stake in Performance Food Group (NYSE:PFGC - Free Report) by 50.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,960 shares of the food distribution company's stock after selling 4,040 shares during the quarter. CSS LLC IL's holdings in Performance Food Group were worth $335,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Millstone Evans Group LLC purchased a new position in Performance Food Group in the fourth quarter valued at approximately $26,000. Blue Trust Inc. grew its position in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC lifted its position 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 worth $60,000 after buying an additional 239 shares during the last quarter. UMB Bank n.a. grew its position in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 313 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in shares of 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 worth $66,000 after acquiring an additional 226 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 14,285 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $83.70, for a total value of $1,195,654.50. Following the transaction, the insider now owns 138,008 shares of the company's stock, valued at $11,551,269.60. This represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PFGC. Citigroup began coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Truist Financial reduced their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays increased their price objective on Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.55.

Performance Food Group Stock Performance

PFGC stock traded up $2.88 during trading on Wednesday, reaching $89.03. The stock had a trading volume of 677,250 shares, compared to its average volume of 1,108,773. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm has a market cap of $13.90 billion, a PE ratio of 35.89, a PEG ratio of 0.96 and a beta of 1.13. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock's 50 day moving average is $80.15 and its two-hundred day moving average is $83.51.

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

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.