Custom Index Systems LLC Buys 272 Shares of Performance Food Group (NYSE:PFGC)

Custom Index Systems LLC raised its position in shares of Performance Food Group (NYSE:PFGC) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,794 shares of the food distribution company’s stock after acquiring an additional 272 shares during the quarter. Custom Index Systems LLC’s holdings in Performance Food Group were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in shares of Performance Food Group by 102.7% during the second quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock valued at $763,000 after purchasing an additional 5,849 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Performance Food Group by 2.3% during the 2nd 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 in the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 buying an additional 186 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Performance Food Group in the 2nd quarter worth about $243,000. Finally, GAMMA Investing LLC increased its stake in shares of Performance Food Group by 30.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,157 shares of the food distribution company’s stock worth $91,000 after acquiring an additional 273 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 other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

PFGC has been the topic of several research reports. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Piper Sandler raised their price objective on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Finally, UBS Group raised their price target on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $90.38 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The business has a 50-day simple moving average of $87.20 and a two-hundred day simple moving average of $79.70. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Performance Food Group will post 4.74 earnings per share for the current year.

Performance Food Group Company 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.