First Horizon Advisors Inc. Has $48,000 Stock Position in Performance Food Group (NYSE:PFGC)

First Horizon Advisors Inc. grew its position in Performance Food Group (NYSE:PFGCGet Rating) by 31.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,031 shares of the food distribution company’s stock after buying an additional 245 shares during the period. First Horizon Advisors Inc.’s holdings in Performance Food Group were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. Oppenheimer Asset Management Inc. lifted its holdings in shares of Performance Food Group by 1.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 19,624 shares of the food distribution company’s stock valued at $912,000 after purchasing an additional 278 shares in the last quarter. JustInvest LLC lifted its holdings in shares of Performance Food Group by 10.9% in the third quarter. JustInvest LLC now owns 4,891 shares of the food distribution company’s stock valued at $227,000 after purchasing an additional 482 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Performance Food Group by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 39,700 shares of the food distribution company’s stock valued at $1,822,000 after purchasing an additional 500 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Performance Food Group by 6.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 8,679 shares of the food distribution company’s stock valued at $398,000 after purchasing an additional 501 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Performance Food Group by 8.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,130 shares of the food distribution company’s stock valued at $331,000 after purchasing an additional 530 shares in the last quarter.

Several analysts recently issued reports on PFGC shares. CL King started coverage on Performance Food Group in a report on Friday, March 11th. They set a “buy” rating and a $60.00 target price on the stock. Morgan Stanley upped their target price on Performance Food Group from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft dropped their target price on Performance Food Group from $62.00 to $58.00 in a report on Friday. Truist Financial assumed coverage on Performance Food Group in a report on Tuesday, February 1st. They set a “buy” rating and a $61.00 target price on the stock. Finally, Zacks Investment Research lowered Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $62.00.

In related news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $25,530.00. Following the sale, the insider now owns 148,325 shares of the company’s stock, valued at $7,573,474.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick T. Hagerty sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $52.87, for a total value of $528,700.00. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock worth $578,970 in the last ninety days. 2.60% of the stock is owned by company insiders.

Performance Food Group stock opened at $45.23 on Friday. Performance Food Group has a 12 month low of $38.82 and a 12 month high of $58.13. The stock’s 50 day moving average is $50.02 and its 200-day moving average is $47.85. The company has a current ratio of 1.62, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 1.23 and a beta of 1.45.

Performance Food Group (NYSE:PFGCGet Rating) last posted its earnings results on Wednesday, May 11th. The food distribution company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Performance Food Group had a return on equity of 9.61% and a net margin of 0.09%. During the same period in the prior year, the business earned $0.19 EPS. As a group, equities research analysts predict that Performance Food Group will post 2.59 earnings per share for the current fiscal year.

Performance Food Group Profile (Get Rating)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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