Schechter Investment Advisors LLC Has $325,000 Stock Holdings in Performance Food Group (NYSE:PFGC)

Schechter Investment Advisors LLC lowered its position in shares of Performance Food Group (NYSE:PFGC) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,848 shares of the food distribution company’s stock after selling 462 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Performance Food Group were worth $325,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group in the third quarter worth $26,000. Venturi Wealth Management LLC lifted its position in Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after buying an additional 274 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Performance Food Group during the 4th quarter worth about $42,000. Blue Trust Inc. grew its holdings in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after acquiring an additional 212 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Down 0.2 %

Performance Food Group stock opened at $81.42 on Thursday. The company’s 50-day moving average price is $86.12 and its two-hundred day moving average price is $82.92. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock has a market cap of $12.72 billion, a P/E ratio of 32.83, a P/E/G ratio of 0.96 and a beta of 1.44. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Analyst Ratings Changes

PFGC has been the subject of several recent research reports. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. UBS Group increased their price objective on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Barclays lowered their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.73.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

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.