Natixis Advisors LLC Sells 21,100 Shares of Performance Food Group Company $PFGC

Natixis Advisors LLC trimmed its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,665 shares of the food distribution company’s stock after selling 21,100 shares during the period. Natixis Advisors LLC’s holdings in Performance Food Group were worth $14,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Goldman Sachs Group Inc. increased its holdings in Performance Food Group by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after purchasing an additional 184,066 shares in the last quarter. Empowered Funds LLC acquired a new stake in Performance Food Group during the 1st quarter valued at $359,000. EverSource Wealth Advisors LLC increased its holdings in Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 537 shares in the last quarter. Marshall Wace LLP acquired a new stake in Performance Food Group during the 2nd quarter valued at $230,000. Finally, Qube Research & Technologies Ltd increased its holdings in Performance Food Group by 499.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after purchasing an additional 273,997 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Performance Food Group

In other news, Director Kimberly Grant sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the transaction, the director directly owned 11,935 shares in the company, valued at $1,133,825. This trade represents a 17.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the completion of the transaction, the insider owned 44,655 shares in the company, valued at $4,221,683.70. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,891 shares of company stock valued at $1,232,460 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Stock Up 3.3%

NYSE PFGC opened at $97.00 on Friday. The stock has a fifty day moving average of $91.24 and a 200-day moving average of $92.11. The stock has a market capitalization of $15.24 billion, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. On average, equities research analysts forecast that Performance Food Group Company will post 4.57 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PFGC. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays raised their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup raised their price target on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.