Strs Ohio Has $135,000 Holdings in Performance Food Group Company (PFGC)
Strs Ohio raised its stake in shares of Performance Food Group Company (NYSE:PFGC) by 4,700.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,800 shares of the restaurant operator’s stock after purchasing an additional 4,700 shares during the period. Strs Ohio’s holdings in Performance Food Group were worth $135,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Performance Food Group by 37.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after buying an additional 1,247 shares during the last quarter. SG Americas Securities LLC purchased a new position in Performance Food Group in the second quarter valued at approximately $118,000. Pacad Investment Ltd. lifted its stake in Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 4,400 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Performance Food Group in the second quarter valued at approximately $141,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Performance Food Group by 113.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,242 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 3,324 shares during the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
In other news, insider James D. Hope bought 3,575 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the acquisition, the insider now owns 65,480 shares in the company, valued at approximately $1,767,305.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $28.25, for a total transaction of $141,250,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Performance Food Group Company (NYSE PFGC) opened at $27.65 on Friday. Performance Food Group Company has a 1 year low of $19.95 and a 1 year high of $29.90. The stock has a market cap of $2,893.24, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.06 and a beta of -0.28. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.77.
Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. analysts predict that Performance Food Group Company will post 1.45 EPS for the current fiscal year.
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A number of brokerages have issued reports on PFGC. BMO Capital Markets set a $30.00 target price on shares of Performance Food Group and gave the company a “buy” rating in a report on Friday, August 4th. BidaskClub cut shares of Performance Food Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a report on Tuesday, August 8th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, Guggenheim reissued a “buy” rating and set a $33.00 target price (up previously from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Performance Food Group presently has an average rating of “Buy” and a consensus price target of $30.88.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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