Wealth Enhancement Advisory Services LLC Reduces Holdings in Performance Food Group (NYSE:PFGC)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Performance Food Group (NYSE:PFGC) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,722 shares of the food distribution company’s stock after selling 260 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Performance Food Group were worth $448,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Creative Planning boosted its position in Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after purchasing an additional 140 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after buying an additional 160 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Performance Food Group by 4.3% during the 2nd quarter. CIBC Asset Management Inc now owns 4,375 shares of the food distribution company’s stock valued at $289,000 after acquiring an additional 179 shares during the period. Cetera Investment Advisers lifted its position in shares of Performance Food Group by 0.4% during the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after acquiring an additional 186 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Performance Food Group by 1.9% in the first quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company’s stock worth $819,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PFGC. Deutsche Bank Aktiengesellschaft increased their price objective on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Morgan Stanley reissued an “equal weight” rating and issued a $92.00 price target on shares of Performance Food Group in a report on Monday, October 28th. Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group upped their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays raised their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.50.

Performance Food Group Trading Up 0.7 %

NYSE PFGC opened at $85.96 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is $78.82 and its two-hundred day simple moving average is $72.15. Performance Food Group has a twelve month low of $59.35 and a twelve month high of $89.00. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.88 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. Research analysts forecast that Performance Food Group will post 4.84 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In related news, Director Kimberly Grant sold 4,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider George L. Holm sold 63,500 shares of the 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 owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the completion of the transaction, the director now owns 10,184 shares in the company, valued at $749,644.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,500 shares of company stock worth $7,426,075. 2.80% of the stock is currently owned by insiders.

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.