Mackenzie Financial Corp Sells 14,821 Shares of Performance Food Group (NYSE:PFGC)

Mackenzie Financial Corp cut its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,129 shares of the food distribution company's stock after selling 14,821 shares during the quarter. Mackenzie Financial Corp's holdings in Performance Food Group were worth $2,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group in the 4th quarter worth $26,000. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares during the last quarter. V Square Quantitative Management LLC grew its position in Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after acquiring an additional 239 shares in the last quarter. J.Safra Asset Management Corp increased its position in Performance Food Group by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after buying an additional 226 shares during the last quarter. Finally, Mainstream Capital Management LLC bought a new stake in Performance Food Group during the fourth quarter worth approximately $105,000. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Price Performance

NYSE:PFGC traded down $0.24 during mid-day trading on Tuesday, reaching $88.98. 786,999 shares of the company were exchanged, compared to its average volume of 1,118,080. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock has a market cap of $13.89 billion, a PE ratio of 35.88, a PEG ratio of 0.96 and a beta of 1.13. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a fifty day moving average of $81.31 and a 200 day moving average of $83.63.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted 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). The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 11,104 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $88.69, for a total transaction of $984,813.76. Following the completion of the sale, the insider now owns 65,952 shares in the company, valued at approximately $5,849,282.88. The trade was a 14.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Howard Hoskins sold 19,113 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the transaction, the insider now owns 152,293 shares in the company, valued at $13,333,252.15. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,972 shares of company stock valued at $5,964,073 over the last 90 days. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PFGC. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Barclays lifted their price objective on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Truist Financial lowered their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group boosted their target price on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.08.

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.