Deutsche Bank AG boosted its position in shares of Performance Food Group Company (NYSE:PFGC – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,771 shares of the food distribution company’s stock after purchasing an additional 332 shares during the period. Deutsche Bank AG’s holdings in Performance Food Group were worth $2,026,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PFGC. CENTRAL TRUST Co grew its holdings in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock valued at $39,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after acquiring an additional 334 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock valued at $65,000 after acquiring an additional 314 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock valued at $71,000 after acquiring an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Performance Food Group by 34,133.3% during the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock valued at $81,000 after acquiring an additional 1,024 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
Performance Food Group Trading Down 1.5%
Shares of NYSE:PFGC opened at $99.5430 on Friday. The stock has a market capitalization of $15.58 billion, a PE ratio of 45.87, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $103.50. The firm has a fifty day moving average price of $94.35 and a 200 day moving average price of $86.19.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PFGC. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Sunday, July 6th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an “overweight” rating in a report on Thursday, May 29th. Morgan Stanley upped their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Barclays upped their price objective on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, Truist Financial upped their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.
View Our Latest Analysis on Performance Food Group
Insider Activity
In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $3,347,705. The trade was a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erika T. Davis sold 8,200 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total transaction of $735,704.00. Following the transaction, the insider directly owned 46,722 shares of the company’s stock, valued at approximately $4,191,897.84. This represents a 14.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,531 shares of company stock worth $6,749,551 in the last 90 days. Insiders own 2.80% of the company’s stock.
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.
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