Valeo Financial Advisors LLC Grows Stock Position in Performance Food Group Company (NYSE:PFGC)

Valeo Financial Advisors LLC lifted its stake in Performance Food Group Company (NYSE:PFGC) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,260 shares of the food distribution company’s stock after buying an additional 209 shares during the period. Valeo Financial Advisors LLC’s holdings in Performance Food Group were worth $256,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PFGC. Millstone Evans Group LLC purchased a new position in shares of Performance Food Group in the fourth quarter worth about $26,000. CENTRAL TRUST Co increased its holdings in shares of Performance Food Group by 476.5% in the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC increased its holdings in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after purchasing an additional 334 shares during the period. Golden State Wealth Management LLC increased its holdings in Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock valued at $71,000 after purchasing an additional 707 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Performance Food Group by 34,133.3% during the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock valued at $81,000 after purchasing an additional 1,024 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Performance Food Group stock opened at $94.88 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. The stock’s 50 day simple moving average is $87.14 and its two-hundred day simple moving average is $83.76. Performance Food Group Company has a fifty-two week low of $63.24 and a fifty-two week high of $96.02. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.27 and a beta of 1.15.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. As a group, analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Howard Hoskins sold 14,285 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $83.70, for a total value of $1,195,654.50. Following the sale, the insider owned 138,008 shares in the company, valued at $11,551,269.60. This represents a 9.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider A Brent King sold 12,866 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32. Following the completion of the sale, the insider owned 60,952 shares in the company, valued at $5,486,899.04. The trade was a 17.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,972 shares of company stock worth $5,964,073. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on Performance Food Group from $92.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. UBS Group boosted their price target on Performance Food Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an “overweight” rating in a report on Thursday, May 29th. Citigroup assumed coverage on Performance Food Group in a report on Thursday, May 22nd. They set a “buy” rating and a $121.00 price target on the stock. Finally, Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Sunday, July 6th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.08.

Performance Food Group 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.