Performance Food Group (NYSE:PFGC) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its stake in Performance Food Group (NYSE:PFGC) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,778 shares of the food distribution company’s stock after selling 339 shares during the period. Securian Asset Management Inc.’s holdings in Performance Food Group were worth $996,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Performance Food Group in the 3rd quarter valued at $26,000. Venturi Wealth Management LLC boosted its holdings in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Performance Food Group in the 4th quarter valued at $42,000. Blue Trust Inc. raised its position in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays reduced their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Melius assumed coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Performance Food Group Stock Up 2.4 %

Shares of Performance Food Group stock opened at $76.66 on Friday. The company has a market cap of $11.98 billion, a P/E ratio of 30.91, a PEG ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm has a fifty day moving average of $85.00 and a two-hundred day moving average of $82.99.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, analysts forecast that Performance Food Group will post 4.58 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.