abrdn plc Buys 649 Shares of Performance Food Group (NYSE:PFGC)

abrdn plc lifted its stake in shares of Performance Food Group (NYSE:PFGC) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,699 shares of the food distribution company’s stock after purchasing an additional 649 shares during the quarter. abrdn plc’s holdings in Performance Food Group were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after acquiring an additional 139 shares in the last quarter. Creative Planning raised its stake in shares of Performance Food Group by 1.2% in the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after purchasing an additional 140 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after purchasing an additional 142 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after buying an additional 183 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Trading Up 0.7 %

Performance Food Group stock opened at $85.69 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. The firm’s 50 day moving average price is $87.24 and its 200-day moving average price is $80.87. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market cap of $13.39 billion, a P/E ratio of 34.55, a PEG ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, equities analysts predict that Performance Food Group will post 4.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. UBS Group increased their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Melius Research upgraded Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley increased their price target on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Melius initiated coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.