Natixis Advisors LLC Sells 41,194 Shares of Performance Food Group Company $PFGC

Natixis Advisors LLC trimmed its stake in Performance Food Group Company (NYSE:PFGC) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,765 shares of the food distribution company’s stock after selling 41,194 shares during the period. Natixis Advisors LLC owned about 0.12% of Performance Food Group worth $19,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted 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 during the last quarter. Empowered Funds LLC bought a new stake in Performance Food Group during the first quarter worth about $359,000. Vestmark Advisory Solutions Inc. bought a new stake in Performance Food Group during the second quarter worth about $648,000. Fox Run Management L.L.C. acquired a new stake in shares of Performance Food Group during the second quarter worth approximately $351,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Up 1.3%

NYSE PFGC opened at $87.79 on Thursday. The stock has a market capitalization of $13.77 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. 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 stock has a fifty day moving average of $93.48 and a 200-day moving average of $96.89.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results 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). The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. Performance Food Group’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Activity

In other news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction that occurred 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 completion of the sale, the insider owned 6,601 shares in the company, valued at $607,490.03. The trade was a 21.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PFGC shares. Zacks Research lowered Performance Food Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Barclays reduced their price objective on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Guggenheim restated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. UBS Group cut their price target on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.44.

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.