Hantz Financial Services Inc. Sells 1,965 Shares of Performance Food Group (NYSE:PFGC)

Hantz Financial Services Inc. trimmed its position in shares of Performance Food Group (NYSE:PFGC) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,861 shares of the food distribution company’s stock after selling 1,965 shares during the quarter. Hantz Financial Services Inc.’s holdings in Performance Food Group were worth $749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in Performance Food Group by 102.7% during the second quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock worth $763,000 after acquiring an additional 5,849 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after purchasing an additional 160 shares in the last quarter. Cetera Investment Advisers increased its stake in Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after purchasing an additional 186 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Performance Food Group during the 2nd quarter worth approximately $243,000. Finally, GAMMA Investing LLC lifted its stake in Performance Food Group by 30.9% in the third quarter. GAMMA Investing LLC now owns 1,157 shares of the food distribution company’s stock valued at $91,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.6 %

Shares of PFGC stock opened at $90.38 on Friday. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 0.98 and a beta of 1.43. The firm’s 50-day moving average is $87.20 and its 200-day moving average is $79.70.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. Sell-side analysts predict that Performance Food Group will post 4.74 EPS for the current year.

Insiders Place Their Bets

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

PFGC has been the topic of a number of research analyst reports. Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. BMO Capital Markets lifted their price target on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial increased their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their target price on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, UBS Group boosted their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.67.

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.