Thompson Investment Management Inc. Reduces Stock Holdings in Performance Food Group (NYSE:PFGC)

Thompson Investment Management Inc. cut its position in Performance Food Group (NYSE:PFGC - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,584 shares of the food distribution company's stock after selling 4,070 shares during the period. Performance Food Group comprises 1.4% of Thompson Investment Management Inc.'s portfolio, making the stock its 22nd largest holding. Thompson Investment Management Inc. owned approximately 0.07% of Performance Food Group worth $9,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of Performance Food Group during the fourth quarter worth $26,000. Farther Finance Advisors LLC boosted 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 last quarter. Blue Trust Inc. boosted its position in shares of Performance Food Group by 72.6% during the fourth quarter. Blue Trust Inc. now owns 566 shares of the food distribution company's stock worth $48,000 after acquiring an additional 238 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after acquiring an additional 239 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Performance Food Group by 40.8% during 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 last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several research reports. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Truist Financial lowered their price objective on shares of 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. Morgan Stanley increased their price objective on shares of 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. Barclays increased their price objective on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, UBS Group increased their price objective 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.08.

Insider Buying and Selling at Performance Food Group

In other news, 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 transaction of $1,158,197.32. Following the completion of the transaction, the insider now directly owns 60,952 shares of the company's stock, valued at $5,486,899.04. The trade was a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of the company's 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 directly owns 51,350 shares of the company's stock, valued at $4,621,500. The trade was a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,972 shares of company stock valued at $5,964,073. Company insiders own 2.80% of the company's stock.

Performance Food Group Trading Down 1.6%

PFGC stock traded down $1.38 during trading on Friday, hitting $86.12. The company had a trading volume of 627,108 shares, compared to its average volume of 1,121,215. The firm has a market capitalization of $13.44 billion, a P/E ratio of 34.73, a PEG ratio of 0.96 and a beta of 1.18. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a 50 day simple moving average of $83.12 and a 200-day simple moving average of $83.71. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $15.31 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. As a group, research analysts forecast 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.