CX Institutional Sells 225 Shares of Performance Food Group (NYSE:PFGC)

CX Institutional trimmed its position in Performance Food Group (NYSE:PFGC) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,582 shares of the food distribution company’s stock after selling 225 shares during the period. CX Institutional’s holdings in Performance Food Group were worth $1,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of Performance Food Group by 3.2% in the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares in the last quarter. Creative Planning boosted its stake in Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after purchasing an additional 140 shares during the period. Coldstream Capital Management Inc. grew its holdings in Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after buying an additional 142 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after buying an additional 160 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Performance Food Group by 0.4% in the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Guggenheim upped their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays lifted their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.67.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Performance

NYSE PFGC opened at $88.88 on Friday. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.96 and a beta of 1.43. The company has a 50-day simple moving average of $86.57 and a two-hundred day simple moving average of $78.76. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. Performance Food Group’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Performance Food Group will post 4.74 EPS 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.