Schechter Investment Advisors LLC Sells 462 Shares of Performance Food Group (NYSE:PFGC)

Schechter Investment Advisors LLC decreased its position in shares of Performance Food Group (NYSE:PFGC) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,848 shares of the food distribution company’s stock after selling 462 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Performance Food Group were worth $325,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PFGC. FMR LLC boosted its position in shares of Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares in the last quarter. Holocene Advisors LP lifted its stake in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after purchasing an additional 724,094 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of Performance Food Group by 29.1% in the 3rd quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock valued at $164,446,000 after purchasing an additional 473,050 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Performance Food Group by 658.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock worth $38,902,000 after buying an additional 399,430 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on PFGC. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays reduced their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Truist Financial boosted their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $81.42 on Thursday. The firm has a market cap of $12.72 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm’s fifty day moving average is $86.12 and its 200-day moving average is $82.92. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Sell-side analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by company insiders.

About Performance Food Group

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.