Truist Financial Corp lessened its holdings in shares of Performance Food Group Company (NYSE:PFGC – Free Report) by 68.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,129 shares of the food distribution company’s stock after selling 30,474 shares during the period. Truist Financial Corp’s holdings in Performance Food Group were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in PFGC. Wellington Management Group LLP raised its holdings in shares of Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after purchasing an additional 1,964,799 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Performance Food Group during the third quarter worth $152,717,000. Invesco Ltd. raised its holdings in shares of Performance Food Group by 79.1% during the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after purchasing an additional 1,168,869 shares during the last quarter. UBS Group AG raised its holdings in shares of Performance Food Group by 246.4% during the third quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock worth $120,508,000 after purchasing an additional 823,882 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Performance Food Group by 101.2% during the third quarter. Bank of America Corp DE now owns 1,265,685 shares of the food distribution company’s stock worth $131,682,000 after purchasing an additional 636,506 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Insider Activity
In other news, insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total value of $283,620.00. Following the sale, the insider owned 44,655 shares in the company, valued at $4,221,683.70. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on PFGC
Performance Food Group Trading Down 0.9%
PFGC stock opened at $95.96 on Friday. The company’s 50-day simple moving average is $88.36 and its 200-day simple moving average is $92.27. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05. The firm has a market cap of $15.07 billion, a P/E ratio of 45.70, a PEG ratio of 1.52 and a beta of 0.92.
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion for the quarter, compared to analyst estimates of $16.17 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Performance Food Group Company will post 4.57 EPS for the current fiscal year.
Performance Food Group Company Profile
Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.
Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.
Featured Stories
- Five stocks we like better than Performance Food Group
- MarketBeat Week in Review – 05/11 – 05/15
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group Company (NYSE:PFGC – Free Report).
Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.
