Creative Planning Increases Holdings in Performance Food Group (NYSE:PFGC)

Creative Planning boosted its holdings in shares of Performance Food Group (NYSE:PFGC) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,684 shares of the food distribution company’s stock after acquiring an additional 140 shares during the quarter. Creative Planning’s holdings in Performance Food Group were worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CX Institutional grew its stake in shares of Performance Food Group by 15.4% in the third quarter. CX Institutional now owns 19,807 shares of the food distribution company’s stock valued at $1,552,000 after buying an additional 2,641 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Performance Food Group by 30.9% in the third quarter. GAMMA Investing LLC now owns 1,157 shares of the food distribution company’s stock valued at $91,000 after buying an additional 273 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Performance Food Group in the second quarter valued at $159,000. Finally, Sanctuary Advisors LLC acquired a new position in Performance Food Group during the 2nd quarter worth $243,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.5 %

Shares of NYSE PFGC opened at $80.86 on Friday. Performance Food Group has a 1 year low of $58.79 and a 1 year high of $83.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. The business has a 50-day moving average of $77.86 and a two-hundred day moving average of $71.61.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $1.14 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This represents a 0.00 % 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, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the sale, the director now directly owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 in the last ninety days. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

PFGC has been the subject of several analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a research note on Monday, October 28th. Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Truist Financial boosted their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Barclays boosted their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.88.

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.