Seneca House Advisors Sells 18,752 Shares of Performance Food Group Company $PFGC

Seneca House Advisors lessened its position in shares of Performance Food Group Company (NYSE:PFGC) by 60.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,088 shares of the food distribution company’s stock after selling 18,752 shares during the period. Seneca House Advisors’ holdings in Performance Food Group were worth $1,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Performance Food Group by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock worth $125,972,000 after acquiring an additional 121,202 shares during the period. Maven Securities LTD bought a new stake in shares of Performance Food Group during the 3rd quarter worth approximately $2,589,000. Assenagon Asset Management S.A. lifted its stake in Performance Food Group by 10.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company’s stock valued at $44,124,000 after purchasing an additional 45,867 shares during the last quarter. Close Asset Management Ltd lifted its stake in Performance Food Group by 7.5% in the 3rd quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company’s stock valued at $216,536,000 after purchasing an additional 145,387 shares during the last quarter. Finally, Capital World Investors lifted its stake in Performance Food Group by 0.8% in the 3rd quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock valued at $2,335,371,000 after purchasing an additional 185,624 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on PFGC shares. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Barclays increased their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Citigroup increased their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Insider Buying and Selling

In other Performance Food Group news, insider A Brent King sold 6,111 shares of Performance Food Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the transaction, the insider directly owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. The trade was a 12.13% 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 Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the transaction, the insider directly owned 44,655 shares in the company, valued at $4,221,683.70. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,592 shares of company stock valued at $2,741,865. Company insiders own 4.50% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $104.55 on Wednesday. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 49.78, a PEG ratio of 1.63 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $93.74 and a 200 day simple moving average of $92.43. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. Research analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Performance Food Group 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.