LPL Financial LLC Raises Stock Holdings in Performance Food Group Company (NYSE:PFGC)

LPL Financial LLC increased its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,044 shares of the food distribution company's stock after purchasing an additional 4,861 shares during the quarter. LPL Financial LLC owned approximately 0.06% of Performance Food Group worth $7,444,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC increased its position in Performance Food Group by 203.7% during the first 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 during the period. Signaturefd LLC increased its position in Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after buying an additional 314 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 707 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Performance Food Group by 34,133.3% in the first 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 period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded down $0.95 during trading on Friday, reaching $99.80. 257,688 shares of the stock were exchanged, compared to its average volume of 1,330,332. The business's 50 day moving average price is $93.18 and its two-hundred day moving average price is $85.89. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.73. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 1.40 and a beta of 1.20. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $103.50.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%. Performance Food Group's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, equities research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Activity at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the insider directly owned 35,239 shares in the company, valued at $3,347,705. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the completion of 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 sold 65,059 shares of company stock valued at $5,861,405 in the last 90 days. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price 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. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Barclays reissued an "overweight" rating and issued a $120.00 target price (up previously from $112.00) on shares of Performance Food Group in a report on Thursday. Finally, Citigroup began coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price on the stock. Five equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.08.

Performance Food Group Company 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.