PNC Financial Services Group Inc. Purchases 1,386 Shares of Performance Food Group Company (NYSE:PFGC)

PNC Financial Services Group Inc. increased its position in Performance Food Group Company (NYSE:PFGC) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,579 shares of the food distribution company’s stock after acquiring an additional 1,386 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Performance Food Group were worth $753,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PFGC. CENTRAL TRUST Co raised its holdings in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC raised its holdings in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock worth $40,000 after acquiring an additional 334 shares during the period. Signaturefd LLC raised its holdings in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after acquiring an additional 314 shares during the period. Golden State Wealth Management LLC grew its position in Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock worth $71,000 after purchasing an additional 707 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Performance Food Group by 34,133.3% in the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock worth $81,000 after purchasing an additional 1,024 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Barclays raised their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, May 29th. Citigroup assumed coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a “buy” rating and a $121.00 price target on the stock. UBS Group raised their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Morgan Stanley raised their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Five 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 company’s stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average price target of $100.31.

Insider Buying and Selling at Performance Food Group

In other news, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction dated 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 directly owned 51,350 shares in the company, valued at approximately $4,621,500. The trade was a 4.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider owned 35,239 shares in the company, valued at approximately $3,347,705. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,172 shares of company stock worth $7,534,748 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $97.42 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. The firm’s 50-day simple moving average is $92.46 and its 200-day simple moving average is $85.62. Performance Food Group Company has a twelve month low of $64.92 and a twelve month high of $103.50. The firm has a market cap of $15.21 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.

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.