Sanctuary Advisors LLC Sells 368 Shares of Performance Food Group (NYSE:PFGC)

Sanctuary Advisors LLC reduced its stake in shares of Performance Food Group (NYSE:PFGC) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,166 shares of the food distribution company’s stock after selling 368 shares during the period. Sanctuary Advisors LLC’s holdings in Performance Food Group were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Blue Trust Inc. boosted its stake in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Performance Food Group during the third quarter valued at $26,000. Venturi Wealth Management LLC boosted its position in Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the last quarter. UMB Bank n.a. grew its holdings in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Performance Food Group in the 2nd quarter worth about $30,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PFGC has been the subject of several recent analyst reports. Piper Sandler raised their target price on Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Guggenheim boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $92.00 price target on shares of Performance Food Group in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.33.

Insiders Place Their Bets

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.

Performance Food Group Stock Down 0.6 %

PFGC stock opened at $85.06 on Friday. The stock’s 50 day moving average is $85.58 and its 200-day moving average is $76.32. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a market capitalization of $13.25 billion, a PE ratio of 31.39, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. Performance Food Group’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

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.