Venturi Wealth Management LLC Boosts Holdings in Performance Food Group (NYSE:PFGC)

Venturi Wealth Management LLC boosted its stake in Performance Food Group (NYSE:PFGC) by 203.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 409 shares of the food distribution company’s stock after acquiring an additional 274 shares during the period. Venturi Wealth Management LLC’s holdings in Performance Food Group were worth $32,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PFGC. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group in the 3rd quarter valued at $26,000. Innealta Capital LLC acquired a new stake in Performance Food Group during the 2nd quarter worth $30,000. UMB Bank n.a. grew its position in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Performance Food Group in the third quarter valued at $36,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the 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 sale, the director now owns 10,184 shares in the company, valued at approximately $749,644.24. This represents a 28.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick T. Hagerty sold 8,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the transaction, the insider now directly owns 162,987 shares of the company’s stock, valued at $12,152,310.72. The trade was a 4.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock valued at $7,426,075. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group increased their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial boosted their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Performance Food Group Stock Down 3.0 %

Shares of NYSE PFGC opened at $83.20 on Friday. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. Performance Food Group has a 52 week low of $61.29 and a 52 week high of $89.00. The firm has a 50-day moving average price of $80.06 and a 200 day moving average price of $72.73. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. Performance Food Group’s revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Performance Food Group will post 4.71 EPS for the current fiscal year.

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.