Principal Securities Inc. Acquires 297 Shares of Performance Food Group (NYSE:PFGC)

Principal Securities Inc. grew its position in shares of Performance Food Group (NYSE:PFGC) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,309 shares of the food distribution company’s stock after buying an additional 297 shares during the quarter. Principal Securities Inc.’s holdings in Performance Food Group were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in Performance Food Group by 281.4% during the third 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 period. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group in the third quarter worth about $26,000. Venturi Wealth Management LLC lifted 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 purchasing an additional 274 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Performance Food Group during the fourth quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC increased its position in Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PFGC has been the topic of several research analyst reports. Barclays cut their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius Research raised Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective for the company. Finally, BMO Capital Markets lifted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Trading Down 0.9 %

NYSE PFGC opened at $82.15 on Wednesday. The company has a market capitalization of $12.83 billion, a PE ratio of 33.12, a P/E/G ratio of 0.96 and a beta of 1.44. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a fifty day moving average of $86.35 and a 200 day moving average of $82.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

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.