Performance Food Group (NYSE:PFGC) Shares Sold by Seneca House Advisors

Seneca House Advisors reduced its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,793 shares of the food distribution company's stock after selling 3,246 shares during the period. Performance Food Group makes up 2.3% of Seneca House Advisors' holdings, making the stock its 17th biggest position. Seneca House Advisors' holdings in Performance Food Group were worth $5,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its stake in Performance Food Group by 2.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after purchasing an additional 121 shares during the period. Stifel Financial Corp raised its position in shares of Performance Food Group by 4.6% during the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after buying an additional 130 shares during the period. Blue Trust Inc. lifted its holdings in Performance Food Group by 64.6% in the fourth 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 during the last quarter. M&T Bank Corp grew its position in Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock worth $1,597,000 after acquiring an additional 213 shares during the period. Finally, J.Safra Asset Management Corp grew its position in Performance Food Group by 40.8% in the fourth 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 period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 19,113 shares of Performance Food Group stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the transaction, the insider now directly owns 152,293 shares of the company's stock, valued at $13,333,252.15. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider A Brent King sold 11,104 shares of Performance Food Group stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $88.69, for a total transaction of $984,813.76. Following the completion of the transaction, the insider now owns 65,952 shares in the company, valued at approximately $5,849,282.88. This represents a 14.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,972 shares of company stock worth $5,964,073 over the last three months. Insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PFGC shares. Morgan Stanley lifted their target price on Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Truist Financial reduced their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. UBS Group lifted their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Citigroup initiated coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.08.

Performance Food Group Stock Down 0.1%

Shares of PFGC stock traded down $0.11 on Monday, reaching $88.18. 819,733 shares of the stock were exchanged, compared to its average volume of 1,119,662. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 0.96 and a beta of 1.18. The business's 50 day moving average price is $82.02 and its 200 day moving average price is $83.71. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The company's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, sell-side analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.