Performance Food Group (NYSE:PFGC) Shares Sold by Seneca House Advisors

Seneca House Advisors lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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’ investment portfolio, making the stock its 15th largest holding. Seneca House Advisors’ holdings in Performance Food Group were worth $6,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PFGC. Hsbc Holdings PLC raised its holdings in shares of Performance Food Group by 115.4% during the second quarter. Hsbc Holdings PLC now owns 34,025 shares of the food distribution company’s stock worth $2,253,000 after purchasing an additional 18,229 shares during the period. Canada Pension Plan Investment Board boosted its stake in Performance Food Group by 5,763.6% in the second quarter. Canada Pension Plan Investment Board now owns 64,500 shares of the food distribution company’s stock valued at $4,264,000 after acquiring an additional 63,400 shares during the period. Sei Investments Co. grew its holdings in shares of Performance Food Group by 7.3% during the second quarter. Sei Investments Co. now owns 281,688 shares of the food distribution company’s stock valued at $18,622,000 after purchasing an additional 19,116 shares during the last quarter. Bank of Montreal Can boosted its stake in Performance Food Group by 21.5% during the 2nd quarter. Bank of Montreal Can now owns 703,278 shares of the food distribution company’s stock valued at $49,497,000 after purchasing an additional 124,509 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Performance Food Group by 15.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,878 shares of the food distribution company’s stock valued at $4,289,000 after purchasing an additional 8,499 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $88.75 on Friday. The stock 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 has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $86.51 and a 200-day simple moving average of $78.69.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data 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). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. On average, sell-side analysts anticipate that Performance Food Group will post 4.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PFGC. Melius assumed coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price for the company. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group raised their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Guggenheim increased their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Four equities research 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 an average rating of “Moderate Buy” and an average price target of $94.67.

Insiders Place Their Bets

In other Performance Food Group 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

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.