Level Four Advisory Services LLC Has $395,000 Stake in Performance Food Group (NYSE:PFGC)

Level Four Advisory Services LLC lowered its position in Performance Food Group (NYSE:PFGC) by 46.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,554 shares of the food distribution company’s stock after selling 5,703 shares during the quarter. Level Four Advisory Services LLC’s holdings in Performance Food Group were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of Performance Food Group by 130.0% in the first quarter. Fifth Third Bancorp now owns 460 shares of the food distribution company’s stock worth $28,000 after acquiring an additional 260 shares during the last quarter. Sageworth Trust Co acquired a new stake in Performance Food Group in the 1st quarter valued at about $38,000. Twin Tree Management LP bought a new position in Performance Food Group in the 1st quarter valued at $44,000. Coppell Advisory Solutions Corp. bought a new stake in Performance Food Group during the 4th quarter worth about $46,000. Finally, Smithfield Trust Co bought a new position in Performance Food Group in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Performance Food Group Trading Up 1.0 %

Shares of PFGC opened at $60.45 on Monday. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 23.71 and a beta of 1.37. The firm’s 50-day moving average price is $60.63 and its 200-day moving average price is $59.18. Performance Food Group has a 1-year low of $42.77 and a 1-year high of $64.34. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.04.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 16th. The food distribution company reported $1.14 EPS for the quarter, hitting analysts’ consensus estimates of $1.14. The firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Performance Food Group had a return on equity of 17.01% and a net margin of 0.69%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. Sell-side analysts anticipate that Performance Food Group will post 4.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PFGC. Stephens restated an “overweight” rating and issued a $68.00 price target on shares of Performance Food Group in a report on Wednesday, August 16th. StockNews.com started coverage on Performance Food Group in a research report on Thursday, August 17th. They set a “buy” rating for the company. UBS Group lifted their target price on Performance Food Group from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Morgan Stanley downgraded Performance Food Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $74.00 to $66.00 in a research report on Tuesday, June 20th. Finally, Jefferies Financial Group lifted their price objective on shares of Performance Food Group from $73.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, August 17th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.30.

Insider Activity at Performance Food Group

In other news, insider Patrick T. Hagerty sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.76, for a total transaction of $119,520.00. Following the sale, the insider now owns 147,790 shares of the company’s stock, valued at approximately $8,831,930.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 6,000 shares of company stock valued at $362,480. 2.80% of the stock is owned by corporate insiders.

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.