Knights of Columbus Asset Advisors LLC Has $3.73 Million Stock Holdings in Performance Food Group Company (NYSE:PFGC)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Performance Food Group Company (NYSE:PFGC) by 55.3%, selling 58,631 shares, and now holds 47,388 shares valued at approximately $3.7 million.
• Performance Food Group reported $0.79 EPS, missing analysts' expectations, and had a revenue of $15.31 billion, which was also below estimates of $15.41 billion.
• Brokerages have mixed ratings on the stock, with a consensus of “Moderate Buy” and a target price of $100.31, while Morgan Stanley raised its price target to $96.00.

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,388 shares of the food distribution company's stock after selling 58,631 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Performance Food Group were worth $3,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. increased its stake in shares of Performance Food Group by 2.6% in the 1st quarter. Assetmark Inc. now owns 67,668 shares of the food distribution company's stock valued at $5,321,000 after acquiring an additional 1,697 shares during the last quarter. Close Asset Management Ltd grew its holdings in shares of Performance Food Group by 6.5% in the 1st quarter. Close Asset Management Ltd now owns 1,763,275 shares of the food distribution company's stock valued at $138,690,000 after buying an additional 108,342 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Performance Food Group in the 1st quarter valued at $5,952,000. Savoir Faire Capital Management L.P. acquired a new stake in Performance Food Group during the 1st quarter worth $2,864,000. Finally, Jennison Associates LLC grew its stake in Performance Food Group by 1.2% in the first quarter. Jennison Associates LLC now owns 1,688,091 shares of the food distribution company's stock valued at $132,735,000 after acquiring an additional 20,400 shares during the period. 96.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Barclays increased their target price on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. Finally, UBS Group increased their price objective on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.31.

Performance Food Group Stock Up 0.7%

PFGC traded up $0.72 during trading on Friday, reaching $98.71. 942,686 shares of the stock were exchanged, compared to its average volume of 1,688,584. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. The stock's 50 day moving average price is $89.77 and its two-hundred day moving average price is $84.72. Performance Food Group Company has a twelve month low of $63.24 and a twelve month high of $101.05. The stock has a market cap of $15.41 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15.

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 for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The firm had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 12,866 shares of Performance Food Group stock in a transaction on 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 transaction, the insider directly owned 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider directly owned 35,239 shares in the company, valued at $3,347,705. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,172 shares of company stock worth $7,534,748 in the last three months. 2.80% of the stock is owned by company insiders.

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.