Performance Food Group Company (NYSE:PFGC) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,692,715 shares of the food distribution company's stock after selling 26,360 shares during the quarter. Invesco Ltd. owned about 1.08% of Performance Food Group worth $133,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after acquiring an additional 334 shares during the last quarter. Signaturefd LLC increased its stake in shares of Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 314 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after acquiring an additional 707 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Performance Food Group by 34,133.3% during the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock valued at $81,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Analysts Set New Price Targets

PFGC has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Truist Financial raised their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Citigroup started coverage on shares of 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, Barclays restated an "overweight" rating and issued a $120.00 price target (up previously from $112.00) on shares of Performance Food Group in a report on Thursday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $105.08.

Performance Food Group Trading Down 0.4%

PFGC opened at $100.82 on Friday. The firm has a market capitalization of $15.74 billion, a P/E ratio of 46.46, a P/E/G ratio of 1.40 and a beta of 1.20. The firm's 50 day moving average is $93.18 and its 200-day moving average is $85.89. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $103.50. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. Analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of Performance Food Group stock in a transaction on Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the insider owned 35,239 shares of the company's stock, valued at $3,347,705. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider A Brent King sold 6,335 shares of Performance Food Group stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $100.00, for a total transaction of $633,500.00. Following the completion of the transaction, the insider directly owned 61,083 shares of the company's stock, valued at approximately $6,108,300. This represents a 9.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,059 shares of company stock valued at $5,861,405. Corporate insiders own 2.80% of the company's stock.

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.

Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group Company (NYSE:PFGC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.