Citigroup Inc. Has $2.07 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Citigroup Inc. lessened its stake in shares of Performance Food Group (NYSE:PFGC – Get Rating) by 23.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,480 shares of the food distribution company’s stock after selling 10,746 shares during the quarter. Citigroup Inc.’s holdings in Performance Food Group were worth $2,072,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Securian Asset Management Inc. raised its stake in Performance Food Group by 1.2% in the 4th quarter. Securian Asset Management Inc. now owns 14,305 shares of the food distribution company’s stock worth $835,000 after purchasing an additional 175 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Performance Food Group by 43.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 834 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 251 shares in the last quarter. Toroso Investments LLC raised its stake in Performance Food Group by 5.1% in the 3rd quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company’s stock worth $227,000 after purchasing an additional 254 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Performance Food Group by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 21,790 shares of the food distribution company’s stock worth $1,272,000 after purchasing an additional 260 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Performance Food Group by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 28,173 shares of the food distribution company’s stock worth $1,645,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TheStreet upgraded shares of Performance Food Group from a “c+” rating to a “b” rating in a research note on Monday, March 20th. UBS Group raised their target price on shares of Performance Food Group from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Truist Financial raised their target price on shares of Performance Food Group from $75.00 to $80.00 in a report on Friday, May 12th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Finally, Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of Performance Food Group in a report on Friday, February 24th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $73.00.

Insiders Place Their Bets

In other Performance Food Group news, insider George L. Holm sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $60.06, for a total transaction of $160,960.80. Following the sale, the insider now directly owns 658,400 shares of the company’s stock, valued at approximately $39,543,504. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $56.31, for a total value of $28,155.00. Following the transaction, the insider now owns 153,790 shares in the company, valued at approximately $8,659,914.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George L. Holm sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $60.06, for a total transaction of $160,960.80. Following the completion of the transaction, the insider now owns 658,400 shares in the company, valued at approximately $39,543,504. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Performance Food Group Trading Up 0.1 %

PFGC opened at $55.86 on Thursday. Performance Food Group has a fifty-two week low of $38.33 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 0.75. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 26.86 and a beta of 1.36. The company’s 50 day moving average price is $59.50 and its two-hundred day moving average price is $59.05.

Performance Food Group (NYSE:PFGC – Get Rating) last posted its earnings results on Wednesday, May 10th. The food distribution company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Performance Food Group had a net margin of 0.57% and a return on equity of 17.20%. The firm had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.94 billion. As a group, research analysts predict that Performance Food Group will post 3.86 earnings per share for the current year.

Performance Food Group Company Profile

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Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.