Intact Investment Management Inc. Has $133,000 Position in Performance Food Group (NYSE:PFGC)

Intact Investment Management Inc. cut its position in shares of Performance Food Group (NYSE:PFGC) by 34.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,700 shares of the food distribution company’s stock after selling 900 shares during the quarter. Intact Investment Management Inc.’s holdings in Performance Food Group were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PFGC. Allspring Global Investments Holdings LLC increased its holdings in shares of Performance Food Group by 12.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,305 shares of the food distribution company’s stock worth $396,000 after acquiring an additional 584 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Performance Food Group in the first quarter valued at about $208,000. Central Pacific Bank Trust Division acquired a new stake in shares of Performance Food Group during the 1st quarter worth about $296,000. Texas Permanent School Fund Corp boosted its holdings in shares of Performance Food Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 136,167 shares of the food distribution company’s stock worth $10,164,000 after buying an additional 1,750 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Performance Food Group in the 1st quarter valued at about $789,000. 96.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the insider now owns 162,987 shares of the company’s stock, valued at approximately $12,152,310.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the sale, the director now directly owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock worth $7,426,075 over the last three months. Insiders own 2.80% of the company’s stock.

Performance Food Group Stock Up 1.7 %

Shares of NYSE PFGC opened at $82.29 on Wednesday. Performance Food Group has a 52 week low of $59.35 and a 52 week high of $83.70. The stock’s fifty day moving average is $78.13 and its 200 day moving average is $71.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. The stock has a market capitalization of $12.82 billion, a P/E ratio of 29.49, a PEG ratio of 0.81 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. Sell-side analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $92.00 price objective on shares of Performance Food Group in a research report on Monday, October 28th. Jefferies Financial Group boosted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $90.88.

Performance Food Group 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.