Park Avenue Securities LLC Has $891,000 Holdings in Performance Food Group (NYSE:PFGC)

Park Avenue Securities LLC increased its position in Performance Food Group (NYSE:PFGC) by 20.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,537 shares of the food distribution company’s stock after purchasing an additional 1,763 shares during the period. Park Avenue Securities LLC’s holdings in Performance Food Group were worth $891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Performance Food Group in the second quarter worth $357,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Performance Food Group by 7.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,275 shares of the food distribution company’s stock valued at $1,010,000 after buying an additional 1,090 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Performance Food Group by 115.4% during the 2nd quarter. Hsbc Holdings PLC now owns 34,025 shares of the food distribution company’s stock worth $2,253,000 after purchasing an additional 18,229 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Performance Food Group by 5,763.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 64,500 shares of the food distribution company’s stock valued at $4,264,000 after purchasing an additional 63,400 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Performance Food Group by 7.3% in the 2nd quarter. Sei Investments Co. now owns 281,688 shares of the food distribution company’s stock valued at $18,622,000 after purchasing an additional 19,116 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 1.6 %

Shares of PFGC opened at $89.12 on Wednesday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $86.38 and a 200-day simple moving average of $78.43. The stock has a market cap of $13.88 billion, a PE ratio of 32.88, a PEG ratio of 0.94 and a beta of 1.43.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share 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 company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Performance Food Group will post 4.74 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the sale, the insider now directly owns 192,868 shares in the company, valued at approximately $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PFGC. Wells Fargo & Company increased their target price 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. Truist Financial increased their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group raised their target price on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler increased their target price on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

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.