Farther Finance Advisors LLC Buys 334 Shares of Performance Food Group Company (NYSE:PFGC)

Farther Finance Advisors LLC lifted its stake in Performance Food Group Company (NYSE:PFGC) by 203.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 498 shares of the food distribution company’s stock after buying an additional 334 shares during the period. Farther Finance Advisors LLC’s holdings in Performance Food Group were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in Performance Food Group during the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its position in Performance Food Group by 72.6% during the fourth quarter. Blue Trust Inc. now owns 566 shares of the food distribution company’s stock valued at $48,000 after purchasing an additional 238 shares in the last quarter. J.Safra Asset Management Corp raised its position in Performance Food Group by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after purchasing an additional 226 shares in the last quarter. Versant Capital Management Inc raised its position in Performance Food Group by 34,133.3% during the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock valued at $81,000 after purchasing an additional 1,024 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Performance Food Group by 52.6% during the first quarter. UMB Bank n.a. now owns 1,169 shares of the food distribution company’s stock valued at $92,000 after purchasing an additional 403 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $86.80 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group Company has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 36.17, a P/E/G ratio of 1.44 and a beta of 1.18. The company’s fifty day moving average is $84.56 and its 200 day moving average is $83.57.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same period in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on PFGC shares. UBS Group boosted their price objective on shares of Performance Food Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Barclays boosted their price objective on shares of Performance Food Group from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Morgan Stanley upped their price target on shares of Performance Food Group from $92.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Citigroup assumed coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They set a “buy” rating and a $121.00 price target for the company. Finally, Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the stock an “overweight” rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.08.

Insider Buying and Selling

In other Performance Food Group news, insider Erika T. Davis sold 8,200 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the sale, the insider now owns 46,722 shares of the company’s stock, valued at approximately $4,191,897.84. This represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald S. Bulmer sold 2,404 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the sale, the insider now directly owns 51,350 shares in the company, valued at $4,621,500. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,972 shares of company stock valued at $5,964,073 over the last 90 days. 2.80% of the stock is owned by insiders.

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.