Signet Financial Management LLC lessened its holdings in shares of Performance Food Group Co (NYSE:PFGC) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,616 shares of the food distribution company’s stock after selling 10,395 shares during the quarter. Signet Financial Management LLC owned 0.08% of Performance Food Group worth $3,674,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PFGC. Meeder Asset Management Inc. acquired a new stake in Performance Food Group in the 2nd quarter valued at about $54,000. NEXT Financial Group Inc lifted its holdings in Performance Food Group by 12.9% during the 2nd quarter. NEXT Financial Group Inc now owns 2,114 shares of the food distribution company’s stock valued at $85,000 after purchasing an additional 242 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Performance Food Group during the second quarter worth about $185,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Performance Food Group during the first quarter worth approximately $211,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Performance Food Group during the first quarter worth approximately $216,000. Institutional investors own 96.90% of the company’s stock.

Shares of Performance Food Group stock traded up $0.36 during trading on Wednesday, reaching $45.79. 74,856 shares of the company’s stock were exchanged, compared to its average volume of 635,317. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.77 and a current ratio of 1.57. The company has a market cap of $4.82 billion, a P/E ratio of 24.74, a PEG ratio of 1.99 and a beta of 0.63. Performance Food Group Co has a 1-year low of $28.05 and a 1-year high of $47.26. The firm’s 50-day moving average price is $44.86 and its 200 day moving average price is $41.17.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm earned $0.53 earnings per share. Performance Food Group’s quarterly revenue was up 28.4% on a year-over-year basis. As a group, equities research analysts predict that Performance Food Group Co will post 1.98 EPS for the current year.

In other Performance Food Group news, insider Patrick T. Hagerty sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.83, for a total value of $306,810.00. Following the sale, the insider now directly owns 141,006 shares in the company, valued at $6,180,292.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christine R. Vlahcevic sold 7,879 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $45.27, for a total value of $356,682.33. Following the completion of the sale, the insider now owns 19,807 shares in the company, valued at $896,662.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,879 shares of company stock worth $1,271,022. Insiders own 3.80% of the company’s stock.

PFGC has been the topic of several recent analyst reports. Loop Capital boosted their target price on Performance Food Group to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. BMO Capital Markets upped their price target on Performance Food Group to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Buckingham Research lifted their target price on Performance Food Group from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Zacks Investment Research raised shares of Performance Food Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $46.89.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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