Performance Food Group Company (NYSE:PFGC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,411,571 shares of the food distribution company's stock after selling 117,929 shares during the period. Vanguard Group Inc. owned 9.87% of Performance Food Group worth $1,211,812,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Performance Food Group by 4.0% during the 4th quarter. Russell Investments Group Ltd. now owns 50,548 shares of the food distribution company's stock worth $4,274,000 after buying an additional 1,932 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Performance Food Group by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,719,075 shares of the food distribution company's stock worth $145,348,000 after buying an additional 182,335 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Performance Food Group during the 4th quarter worth $16,830,000. Treasurer of the State of North Carolina increased its holdings in shares of Performance Food Group by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 67,193 shares of the food distribution company's stock worth $5,681,000 after buying an additional 420 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Performance Food Group during the 4th quarter worth $210,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Performance Food Group

In other news, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total transaction of $735,704.00. Following the sale, the insider owned 46,722 shares of the company's stock, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the sale, the insider directly owned 51,350 shares in the company, valued at approximately $4,621,500. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,059 shares of company stock valued at $5,861,405. Company insiders own 2.80% of the company's stock.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.50 during trading hours on Friday, reaching $100.25. The company's stock had a trading volume of 344,033 shares, compared to its average volume of 1,330,737. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $93.18 and a 200 day simple moving average of $85.89. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $103.50. The stock has a market cap of $15.65 billion, a PE ratio of 46.23, a PEG ratio of 1.40 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. During the same quarter last year, the company posted $1.45 earnings per share. Performance Food Group's revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PFGC shares. Barclays restated an "overweight" rating and set a $120.00 price objective (up from $112.00) on shares of Performance Food Group in a report on Thursday. Citigroup initiated coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Wells Fargo & Company set a $115.00 target price on Performance Food Group and gave the company an "overweight" rating in a research note on Wednesday. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. Finally, Truist Financial raised their target price on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.08.

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.