Seneca House Advisors Sells 3,246 Shares of Performance Food Group (NYSE:PFGC)

Seneca House Advisors decreased its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,793 shares of the food distribution company's stock after selling 3,246 shares during the period. Performance Food Group comprises 2.3% of Seneca House Advisors' portfolio, making the stock its 17th biggest holding. Seneca House Advisors' holdings in Performance Food Group were worth $5,488,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group during the 4th quarter worth $26,000. Blue Trust Inc. lifted its position in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of 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 valued at $60,000 after purchasing an additional 239 shares in the last quarter. J.Safra Asset Management Corp boosted its position in Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after acquiring an additional 226 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 worth $81,000 after buying an additional 1,024 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.6%

NYSE PFGC traded down $0.54 during mid-day trading on Tuesday, hitting $87.64. The company's stock had a trading volume of 856,991 shares, compared to its average volume of 1,120,699. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The company's 50 day simple moving average is $82.25 and its 200 day simple moving average is $83.74. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 0.96 and a beta of 1.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The company's revenue was up 10.5% on a year-over-year basis. Analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 2,404 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.00, for a total transaction of $216,360.00. Following the sale, the insider now owns 51,350 shares in the company, valued at $4,621,500. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total value of $735,704.00. Following the completion of the transaction, the insider now owns 46,722 shares of the company's stock, valued at approximately $4,191,897.84. This trade represents a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,972 shares of company stock worth $5,964,073. 2.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PFGC has been the topic of several analyst reports. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 target price for the company. Barclays lifted their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. UBS Group lifted their price target on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Truist Financial lowered their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.