Intact Investment Management Inc. Sells 900 Shares of Performance Food Group (NYSE:PFGC)

Intact Investment Management Inc. lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 34.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,700 shares of the food distribution company’s stock after selling 900 shares during the period. Intact Investment Management Inc.’s holdings in Performance Food Group were worth $133,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its position in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $30,000. UMB Bank n.a. raised its position in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Performance Food Group during the third quarter valued at $36,000. Finally, GAMMA Investing LLC boosted its holdings in Performance Food Group by 65.2% in the second quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 349 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 1.7 %

NYSE:PFGC opened at $82.29 on Wednesday. Performance Food Group has a 1 year low of $59.35 and a 1 year high of $83.70. The stock has a 50-day moving average price of $78.13 and a two-hundred day moving average price of $71.83. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 0.81 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.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. The business had revenue of $15.20 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities analysts expect that Performance Food Group will post 4.87 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the transaction, the director now directly owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the sale, the director now owns 10,184 shares in the company, valued at approximately $749,644.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick T. Hagerty sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $7,426,075 over the last ninety days. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, August 15th. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley reiterated an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a research report on Monday, October 28th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, Truist Financial upped their price objective on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.88.

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.