MML Investors Services LLC Sells 2,254 Shares of Performance Food Group (NYSE:PFGC)

MML Investors Services LLC decreased its holdings in shares of Performance Food Group (NYSE:PFGC) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,030 shares of the food distribution company’s stock after selling 2,254 shares during the quarter. MML Investors Services LLC’s holdings in Performance Food Group were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group during the third quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in shares of Performance Food Group during the second quarter worth approximately $30,000. Venturi Wealth Management LLC grew its position in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 274 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the period. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PFGC shares. Barclays boosted their price target on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective for the company. BMO Capital Markets increased their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $92.00 price target on shares of Performance Food Group in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $94.33.

Insiders Place Their Bets

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Trading Down 0.3 %

NYSE:PFGC opened at $84.14 on Tuesday. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm’s fifty day moving average is $85.35 and its 200-day moving average is $75.81. The firm has a market cap of $13.11 billion, a P/E ratio of 31.05, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Equities analysts expect that Performance Food Group will post 4.73 earnings per share for the current 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.