NEOS Investment Management LLC Boosts Stock Holdings in Performance Food Group Company $PFGC

NEOS Investment Management LLC raised its holdings in Performance Food Group Company (NYSE:PFGC) by 31.4% during the third quarter, Holdings Channel.com reports. The firm owned 29,785 shares of the food distribution company’s stock after purchasing an additional 7,120 shares during the quarter. NEOS Investment Management LLC’s holdings in Performance Food Group were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after buying an additional 123 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after acquiring an additional 329 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Performance Food Group during the third quarter valued at $39,000. Golden State Wealth Management LLC increased its position in Performance Food Group by 148.6% during the 2nd quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after purchasing an additional 312 shares in the last quarter. Finally, Eastern Bank acquired a new position in Performance Food Group in the 3rd quarter valued at about $47,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Performance Food Group

In other news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the transaction, the insider directly owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PFGC shares. Zacks Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Morgan Stanley cut their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Citigroup lowered their price objective on Performance Food Group from $127.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.44.

Performance Food Group Stock Down 0.5%

PFGC opened at $98.10 on Friday. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $109.05. The firm has a 50 day moving average price of $93.33 and a 200 day moving average price of $97.54. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60. The company has a market cap of $15.38 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The business had revenue of $16.44 billion during the quarter, compared to analyst estimates of $16.54 billion. During the same period in the previous year, the company earned $0.98 EPS. Performance Food Group’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

About Performance Food Group

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.