American Trust Sells 564 Shares of Performance Food Group (NYSE:PFGC)

American Trust lessened its position in Performance Food Group (NYSE:PFGC) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,107 shares of the food distribution company’s stock after selling 564 shares during the period. American Trust’s holdings in Performance Food Group were worth $610,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of Performance Food Group by 130.0% in the 1st quarter. Fifth Third Bancorp now owns 460 shares of the food distribution company’s stock worth $28,000 after purchasing an additional 260 shares during the period. Sageworth Trust Co purchased a new stake in shares of Performance Food Group in the 1st quarter worth about $38,000. Twin Tree Management LP purchased a new stake in shares of Performance Food Group in the 1st quarter worth about $44,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Performance Food Group in the 4th quarter worth about $46,000. Finally, Smithfield Trust Co purchased a new stake in shares of Performance Food Group in the 1st quarter worth about $56,000. Institutional investors own 96.64% of the company’s stock.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Patrick T. Hagerty sold 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.76, for a total transaction of $119,520.00. Following the transaction, the insider now owns 147,790 shares in the company, valued at $8,831,930.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 6,000 shares of company stock valued at $362,480 over the last 90 days. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Performance Food Group from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Stephens reissued an “overweight” rating and set a $68.00 price target on shares of Performance Food Group in a research report on Wednesday, August 16th. Barclays lifted their price target on shares of Performance Food Group from $74.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. StockNews.com started coverage on shares of Performance Food Group in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, UBS Group raised their price objective on shares of Performance Food Group from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Performance Food Group Stock Performance

Shares of NYSE PFGC opened at $59.87 on Friday. The firm has a 50 day moving average of $60.63 and a 200 day moving average of $59.13. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.48 and a beta of 1.37. Performance Food Group has a 12-month low of $42.77 and a 12-month high of $64.34.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 16th. The food distribution company reported $1.14 earnings per share for the quarter, meeting the consensus estimate of $1.14. Performance Food Group had a net margin of 0.69% and a return on equity of 17.01%. The business had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts anticipate that Performance Food Group will post 4.34 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.