Dynasty Wealth Management LLC Sells 591 Shares of Performance Food Group (NYSE:PFGC)

Dynasty Wealth Management LLC reduced its position in Performance Food Group (NYSE:PFGC) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,868 shares of the food distribution company’s stock after selling 591 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Performance Food Group were worth $834,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Performance Food Group in the third quarter worth approximately $26,000. Venturi Wealth Management LLC raised its stake in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Performance Food Group in the fourth quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC lifted its position in Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

PFGC has been the topic of several research reports. UBS Group raised 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 report on Thursday, November 7th. BMO Capital Markets raised their price target on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Melius assumed coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. Finally, Guggenheim boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.73.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s 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 directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $85.22 on Friday. The company has a market capitalization of $13.31 billion, a P/E ratio of 34.36, a PEG ratio of 0.96 and a beta of 1.44. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock has a 50 day moving average price of $86.29 and a two-hundred day moving average price of $82.63.

Performance Food Group (NYSE:PFGC) last posted its quarterly 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%. Analysts expect that Performance Food Group will post 4.58 earnings per share for the current year.

About Performance Food Group

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.