SG Americas Securities LLC Cuts Stock Holdings in Performance Food Group Company $PFGC

SG Americas Securities LLC reduced its position in Performance Food Group Company (NYSE:PFGCFree Report) by 24.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 53,958 shares of the food distribution company’s stock after selling 17,622 shares during the quarter. SG Americas Securities LLC’s holdings in Performance Food Group were worth $4,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PFGC. Goldman Sachs Group Inc. increased its position in shares of Performance Food Group by 9.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock valued at $125,972,000 after buying an additional 121,202 shares in the last quarter. Maven Securities LTD purchased a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $2,589,000. Assenagon Asset Management S.A. grew its stake in Performance Food Group by 10.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company’s stock valued at $44,124,000 after acquiring an additional 45,867 shares during the period. Capital World Investors grew its stake in Performance Food Group by 0.8% in the 3rd quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock valued at $2,335,371,000 after acquiring an additional 185,624 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Performance Food Group by 7.3% in the 4th quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock worth $18,645,000 after acquiring an additional 14,173 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Up 1.7%

PFGC stock opened at $112.34 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $97.00 and a two-hundred day moving average of $93.19. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $112.76. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 1.73 and a beta of 0.93.

Performance Food Group (NYSE:PFGCGet Free Report) last issued its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PFGC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. Guggenheim lifted their price objective on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Citigroup raised their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Read Our Latest Stock Analysis on Performance Food Group

Insider Buying and Selling

In other Performance Food Group news, insider A Brent King sold 6,111 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the transaction, the insider owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. The trade was a 12.13% 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, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the sale, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. The trade was a 17.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,187 shares of company stock worth $3,027,315. 4.50% of the stock is owned by corporate insiders.

Performance Food Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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