Thrivent Financial for Lutherans Sells 987 Shares of Performance Food Group (NYSE:PFGC)

Thrivent Financial for Lutherans trimmed its holdings in shares of Performance Food Group (NYSE:PFGC) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,611 shares of the food distribution company’s stock after selling 987 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Performance Food Group were worth $2,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after purchasing an additional 139 shares during the period. Creative Planning grew its stake in shares of 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 buying an additional 140 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Performance Food Group by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after acquiring an additional 160 shares during the last quarter. Cetera Investment Advisers increased its stake in Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock valued at $3,044,000 after purchasing an additional 186 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Transactions at Performance Food Group

In related news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares in the company, valued at $12,152,310.72. This represents a 4.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PFGC. UBS Group boosted their target price on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their target price on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Piper Sandler increased their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Truist Financial lifted their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.27.

Performance Food Group Trading Down 0.8 %

Shares of NYSE PFGC opened at $88.08 on Wednesday. The stock has a fifty day simple moving average of $81.84 and a 200-day simple moving average of $73.59. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $89.73. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $13.72 billion, a PE ratio of 32.50, a PEG ratio of 0.94 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, equities analysts forecast that Performance Food Group will post 4.73 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.