Interval Partners LP Sells 215,805 Shares of Performance Food Group Company $PFGC

Interval Partners LP lowered its position in Performance Food Group Company (NYSE:PFGC) by 44.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,522 shares of the food distribution company’s stock after selling 215,805 shares during the quarter. Interval Partners LP’s holdings in Performance Food Group were worth $23,876,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Torren Management LLC bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $43,000. Clearstead Advisors LLC lifted its position in shares of Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after acquiring an additional 335 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after acquiring an additional 537 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $62,000. Institutional investors own 96.87% of the company’s stock.

Insider Activity

In other Performance Food Group news, insider Erika T. Davis sold 1,750 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $183,750.00. Following the transaction, the insider directly owned 43,041 shares in the company, valued at $4,519,305. The trade was a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Brent King sold 6,111 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the sale, the insider directly owned 44,260 shares of the company’s stock, valued at $4,647,300. This represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,592 shares of company stock valued at $2,741,865 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Performance Food Group Trading Down 1.2%

Shares of PFGC opened at $103.23 on Thursday. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $109.05. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $94.09 and a 200-day simple moving average of $92.48. The stock has a market cap of $16.22 billion, a PE ratio of 49.16, a PEG ratio of 1.64 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, sell-side analysts predict that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

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.