Performance Food Group Company (NYSE:PFGC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 46.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,113 shares of the food distribution company's stock after selling 13,016 shares during the period. Mackenzie Financial Corp's holdings in Performance Food Group were worth $1,188,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in shares of 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 acquiring an additional 405 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 334 shares during the period. Signaturefd LLC increased its position in shares of 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 acquiring an additional 314 shares during the period. Golden State Wealth Management LLC increased its holdings in 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 buying an additional 707 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in 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 buying an additional 1,024 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Performance Food Group news, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.00, for a total value of $216,360.00. Following the sale, the insider owned 51,350 shares of the company's stock, valued at approximately $4,621,500. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider A Brent King sold 12,866 shares of Performance Food Group stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.02, for a total value of $1,158,197.32. Following the completion of the sale, the insider directly owned 60,952 shares in the company, valued at $5,486,899.04. This represents a 17.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,172 shares of company stock valued at $7,534,748. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

PFGC has been the topic of several recent analyst reports. Citigroup initiated 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. UBS Group increased their target price on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Morgan Stanley increased 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. Barclays increased their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of "Moderate Buy" and a consensus target price of $100.31.

Performance Food Group Stock Performance

NYSE PFGC opened at $99.89 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group Company has a 52-week low of $63.24 and a 52-week high of $103.50. The business's 50-day moving average price is $91.56 and its 200 day moving average price is $85.30. The firm has a market cap of $15.59 billion, a P/E ratio of 41.62, a P/E/G ratio of 1.39 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period in the prior year, the business earned $0.80 EPS. The business's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

About Performance Food Group

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.

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