Apollon Wealth Management LLC Has $219,000 Stock Position in Performance Food Group (NYSE:PFGC)

Apollon Wealth Management LLC cut its holdings in Performance Food Group (NYSE:PFGC) by 21.1% during the third quarter, Holdings Channel.com reports. The firm owned 2,790 shares of the food distribution company’s stock after selling 747 shares during the quarter. Apollon Wealth Management LLC’s holdings in Performance Food Group were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Blair William & Co. IL acquired a new position in Performance Food Group during the first quarter valued at approximately $213,000. Ontario Teachers Pension Plan Board bought a new position in shares of Performance Food Group in the first quarter valued at $346,000. O Shaughnessy Asset Management LLC increased its holdings in Performance Food Group by 21.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,625 shares of the food distribution company’s stock worth $644,000 after buying an additional 1,551 shares during the last quarter. Seven Eight Capital LP bought a new stake in Performance Food Group during the first quarter worth $1,182,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Performance Food Group during the first quarter worth $179,000. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PFGC. Barclays boosted their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Truist Financial boosted their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $94.27.

Performance Food Group Stock Up 0.3 %

PFGC stock opened at $83.48 on Tuesday. Performance Food Group has a fifty-two week low of $61.40 and a fifty-two week high of $89.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.90 and a beta of 1.44. The business’s fifty day moving average price is $80.06 and its two-hundred day moving average price is $72.79.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. On average, equities analysts anticipate that Performance Food Group will post 4.71 earnings per share for the current year.

Insider Activity

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the insider now directly owns 162,987 shares in the company, valued at $12,152,310.72. This represents a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares in the company, valued at approximately $11,185,774.32. This represents a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,000 shares of company stock worth $2,756,920. Corporate insiders own 2.80% of the company’s stock.

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.