Performance Food Group Company (NYSE:PFGC) Stock Position Decreased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 524,146 shares of the food distribution company's stock after selling 12,420 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.34% of Performance Food Group worth $41,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millstone Evans Group LLC bought a new stake in Performance Food Group during the fourth quarter valued at $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after buying an additional 334 shares during the period. Blue Trust Inc. grew its position in shares of Performance Food Group by 72.6% during the 4th quarter. Blue Trust Inc. now owns 566 shares of the food distribution company's stock valued at $48,000 after buying an additional 238 shares during the last quarter. V Square Quantitative Management LLC raised its stake in 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 period. Finally, J.Safra Asset Management Corp raised its stake in 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 period. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PFGC. UBS Group lifted their target price 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. Truist Financial lowered their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays increased their target price on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Citigroup assumed coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target for the company. Finally, Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and an average price target of $100.08.

Insider Transactions at Performance Food Group

In other news, insider Donald S. Bulmer sold 2,404 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the completion of the transaction, the insider now owns 51,350 shares in the company, valued at approximately $4,621,500. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the sale, the insider now owns 152,293 shares in the company, valued at $13,333,252.15. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,972 shares of company stock valued at $5,964,073. Corporate insiders own 2.80% of the company's stock.

Performance Food Group Price Performance

PFGC traded down $0.19 on Wednesday, reaching $85.58. The company had a trading volume of 239,970 shares, compared to its average volume of 1,117,217. The company has a market capitalization of $13.36 billion, a P/E ratio of 35.68, a PEG ratio of 1.44 and a beta of 1.18. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49. The company has a fifty day moving average of $83.59 and a 200-day moving average of $83.69. Performance Food Group Company has a one year low of $61.60 and a one year high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted 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). Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same quarter last year, the business earned $0.80 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current 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.