Principia Wealth Advisory LLC Acquires 8,395 Shares of Performance Food Group Company $PFGC

Principia Wealth Advisory LLC grew its holdings in Performance Food Group Company (NYSE:PFGC) by 64,576.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,408 shares of the food distribution company’s stock after acquiring an additional 8,395 shares during the period. Principia Wealth Advisory LLC’s holdings in Performance Food Group were worth $940,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after purchasing an additional 184,066 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Performance Food Group during the 1st quarter valued at about $359,000. EverSource Wealth Advisors LLC lifted its holdings in Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 537 shares during the last quarter. Marshall Wace LLP bought a new stake in Performance Food Group during the second quarter worth approximately $230,000. Finally, Qube Research & Technologies Ltd grew its holdings in Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after purchasing an additional 273,997 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Activity at Performance Food Group

In related news, insider Erika Davis sold 8,008 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $104.21, for a total value of $834,513.68. Following the completion of the sale, the insider owned 43,986 shares in the company, valued at approximately $4,583,781.06. This trade represents a 15.40% 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. Also, insider A. King sold 8,023 shares of Performance Food Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $104.21, for a total value of $836,076.83. Following the sale, the insider directly owned 47,800 shares in the company, valued at approximately $4,981,238. This trade represents a 14.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 57,750 shares of company stock worth $6,019,910 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PFGC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $133.00 price target on shares of Performance Food Group in a research report on Thursday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Guggenheim boosted their target price on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. UBS Group decreased their price target on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, TD Cowen lowered their price target on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Performance Food Group Stock Down 0.0%

PFGC opened at $98.60 on Monday. The business has a 50 day moving average of $109.33 and a 200-day moving average of $98.78. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 1.27 and a beta of 0.88. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current year.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.