3,000 Shares in Performance Food Group (NYSE:PFGC) Bought by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new position in shares of Performance Food Group (NYSE:PFGC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,000 shares of the food distribution company’s stock, valued at approximately $254,000.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of Performance Food Group by 3.2% in the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares during the period. Coldstream Capital Management Inc. raised its holdings in Performance Food Group by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after acquiring an additional 142 shares during the period. Highland Capital Management LLC raised its holdings in Performance Food Group by 6.7% in the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after acquiring an additional 183 shares during the period. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after acquiring an additional 212 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Performance Food Group by 1.1% during the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock worth $1,597,000 after acquiring an additional 213 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Performance Food Group Stock Up 2.4 %

Shares of PFGC opened at $76.66 on Monday. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a market cap of $11.98 billion, a P/E ratio of 30.91, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $85.00 and a two-hundred day simple moving average of $83.11.

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