Federated Hermes Inc. Sells 843 Shares of Performance Food Group (NYSE:PFGC)

Federated Hermes Inc. lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,963 shares of the food distribution company’s stock after selling 843 shares during the quarter. Federated Hermes Inc.’s holdings in Performance Food Group were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in shares of Performance Food Group in the 1st quarter worth about $29,000. Innealta Capital LLC bought a new position in shares of Performance Food Group during the second quarter valued at approximately $30,000. Mather Group LLC. bought a new position in shares of Performance Food Group during the first quarter valued at approximately $44,000. GAMMA Investing LLC boosted its position in shares of Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 0.0 %

NYSE:PFGC opened at $77.01 on Friday. The company has a market cap of $11.98 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a 50 day simple moving average of $70.38 and a two-hundred day simple moving average of $70.28. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The company had revenue of $15.20 billion during the quarter, compared to analysts’ expectations of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Research analysts forecast that Performance Food Group will post 4.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PFGC shares. Morgan Stanley lowered their price objective on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Truist Financial raised their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets upped their target price on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company increased their price target on shares of Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.38.

Insider Transactions at Performance Food Group

In related news, Director Kimberly Grant sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the completion of the sale, the director now directly owns 10,184 shares in the company, valued at $749,644.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at $749,644.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares of the company’s stock, valued at approximately $12,152,310.72. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock worth $7,426,075 in the last quarter. Company insiders own 2.60% of the company’s stock.

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.