Performance Food Group Company (NYSE:PFGC) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 44.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 162,172 shares of the food distribution company's stock after selling 128,306 shares during the quarter. Artemis Investment Management LLP owned 0.10% of Performance Food Group worth $12,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HighPoint Advisor Group LLC lifted its position in Performance Food Group by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock valued at $389,000 after purchasing an additional 121 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Performance Food Group by 4.6% during the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after acquiring an additional 130 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Performance Food Group by 4.7% during the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock valued at $366,000 after acquiring an additional 208 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Performance Food Group by 1.1% during the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock valued at $1,597,000 after acquiring an additional 213 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of 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 valued at $66,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded up $1.27 during trading on Friday, hitting $87.50. 1,652,953 shares of the company's stock traded hands, compared to its average volume of 1,102,792. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. Performance Food Group Company has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market capitalization of $13.66 billion, a P/E ratio of 36.46, a PEG ratio of 1.44 and a beta of 1.18. The business has a 50-day simple moving average of $85.21 and a 200-day simple moving average of $83.52.

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 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The business had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period last year, the business earned $0.80 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Analysts Set New Price Targets

PFGC has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised Performance Food Group from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group upped their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Morgan Stanley upped their price target on Performance Food Group from $92.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.08.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 12,866 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32. Following the transaction, the insider now owns 60,952 shares of the company's stock, valued at approximately $5,486,899.04. This represents a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Howard Hoskins sold 14,285 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 138,008 shares in the company, valued at $11,551,269.60. This trade represents a 9.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,972 shares of company stock valued at $5,964,073. 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.