Performance Food Group (NYSE:PFGC) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in Performance Food Group (NYSE:PFGC) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,778 shares of the food distribution company’s stock after selling 339 shares during the period. Securian Asset Management Inc.’s holdings in Performance Food Group were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in Performance Food Group by 11.9% in the 4th quarter. HighTower Advisors LLC now owns 9,047 shares of the food distribution company’s stock valued at $765,000 after acquiring an additional 965 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Performance Food Group in the 4th quarter valued at about $4,251,000. Daiwa Securities Group Inc. boosted its stake in shares of Performance Food Group by 0.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 83,178 shares of the food distribution company’s stock worth $7,033,000 after purchasing an additional 566 shares during the last quarter. Moran Wealth Management LLC boosted its stake in shares of Performance Food Group by 73.7% during the 4th quarter. Moran Wealth Management LLC now owns 93,667 shares of the food distribution company’s stock worth $7,920,000 after purchasing an additional 39,744 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Performance Food Group by 17.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,192 shares of the food distribution company’s stock worth $3,398,000 after purchasing an additional 6,085 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Performance Food Group Trading Up 2.4 %

Shares of PFGC stock opened at $76.66 on Friday. The firm has a market cap of $11.98 billion, a P/E ratio of 30.91, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The firm’s 50-day simple moving average is $85.00 and its 200-day simple moving average is $82.99.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Analyst Ratings Changes

PFGC has been the topic of several analyst reports. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Barclays decreased 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. Morgan Stanley raised their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Company 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.