Performance Food Group Company $PFGC Stock Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management cut its Performance Food Group stake by 37.5% in the third quarter, selling 10,340 shares and retaining 17,258 shares valued at approximately $1.58 million.
• Institutional investors own 96.87% of PFGC’s shares, while company insiders have sold 41,459 shares worth about $4.32 million over the past 90 days.
• Analysts maintain a Moderate Buy consensus with a $126 price target, despite the stock trading near $97.27 and the company slightly missing its latest quarterly earnings and revenue estimates.

Motley Fool Asset Management LLC lessened its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 37.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,258 shares of the food distribution company's stock after selling 10,340 shares during the period. Motley Fool Asset Management LLC's holdings in Performance Food Group were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company's stock valued at $3,372,000 after buying an additional 121 shares during the period. HB Wealth Management LLC boosted its position in shares of Performance Food Group by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company's stock valued at $285,000 after acquiring an additional 122 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of Performance Food Group by 1.7% during the third quarter. Net Worth Advisory Group now owns 7,691 shares of the food distribution company's stock worth $706,000 after purchasing an additional 132 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Performance Food Group by 1.6% during the third quarter. Inspire Investing LLC now owns 8,365 shares of the food distribution company's stock worth $765,000 after purchasing an additional 132 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Performance Food Group by 7.2% during the second quarter. Trust Point Inc. now owns 2,564 shares of the food distribution company's stock worth $287,000 after purchasing an additional 173 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Performance Food Group from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, October 15th. Weiss Ratings lowered shares of Performance Food Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $133.00 price target on shares of Performance Food Group in a research note on Thursday, August 13th. UBS Group decreased their price target on shares of Performance Food Group from $132.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Performance Food Group in a research report on Thursday, August 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

Insider Buying and Selling

In other Performance Food Group news, insider Erika T. Davis sold 1,320 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the sale, the insider directly owned 40,402 shares in the company, valued at $4,253,926.58. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chasity D. Grosh sold 1,005 shares of the firm's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $92.40, for a total value of $92,862.00. Following the transaction, the insider directly owned 5,783 shares in the company, valued at $534,349.20. This trade represents a 14.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,459 shares of company stock worth $4,317,917 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Performance Food Group Stock Performance

NYSE:PFGC opened at $97.27 on Friday. The business has a 50 day moving average of $95.87 and a 200 day moving average of $97.37. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.24 and a beta of 0.87. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($0.01). The business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, sell-side analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

About Performance Food Group

Performance Food Group Co NYSE: PFGC is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.

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