Seneca House Advisors Sells 12,705 Shares of Performance Food Group (NYSE:PFGC)

Seneca House Advisors cut its position in Performance Food Group (NYSE:PFGC) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,039 shares of the food distribution company’s stock after selling 12,705 shares during the quarter. Performance Food Group makes up about 2.4% of Seneca House Advisors’ holdings, making the stock its 15th biggest position. Seneca House Advisors’ holdings in Performance Food Group were worth $6,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PFGC. FMR LLC boosted its holdings in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after purchasing an additional 2,773,547 shares during the period. State Street Corp lifted its stake in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after buying an additional 97,069 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the period. Holocene Advisors LP grew its position in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after buying an additional 724,094 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Performance Food Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock valued at $202,803,000 after acquiring an additional 36,385 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday. Melius initiated coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target on the stock. Piper Sandler raised their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $88.75 on Friday. The business has a fifty day moving average of $86.51 and a 200-day moving average of $78.69. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a market cap of $13.83 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.43.

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

About Performance Food Group

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.