Apollon Wealth Management LLC Has $220,000 Stock Position in Performance Food Group (NYSE:PFGC)

Apollon Wealth Management LLC cut its holdings in shares of Performance Food Group (NYSE:PFGC) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,598 shares of the food distribution company’s stock after selling 192 shares during the period. Apollon Wealth Management LLC’s holdings in Performance Food Group were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group during the third quarter worth $26,000. Venturi Wealth Management LLC raised its holdings in shares of 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 worth $32,000 after acquiring an additional 274 shares during the period. V Square Quantitative Management LLC acquired a new position in Performance Food Group in the 3rd quarter worth $36,000. Finally, Central Pacific Bank Trust Division acquired a new position in Performance Food Group in the 4th quarter worth $42,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was 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 approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $87.20 on Friday. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 0.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 1.67. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a 50-day simple moving average of $86.90 and a 200 day simple moving average of $81.45.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, sell-side analysts predict that Performance Food Group will post 4.6 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PFGC. Melius began coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. Barclays reduced their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Truist Financial raised 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

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.