Dupont Capital Management Corp lifted its stake in Performance Food Group Co (NYSE:PFGC) by 81.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,326 shares of the restaurant operator’s stock after buying an additional 22,566 shares during the quarter. Dupont Capital Management Corp’s holdings in Performance Food Group were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Performance Food Group by 1.3% during the first quarter. BlackRock Inc. now owns 9,955,362 shares of the restaurant operator’s stock worth $297,168,000 after purchasing an additional 123,615 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Performance Food Group by 1.9% during the first quarter. JPMorgan Chase & Co. now owns 7,401,470 shares of the restaurant operator’s stock worth $220,934,000 after purchasing an additional 136,657 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Performance Food Group by 10.2% during the first quarter. Victory Capital Management Inc. now owns 4,186,365 shares of the restaurant operator’s stock worth $124,963,000 after purchasing an additional 388,992 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Performance Food Group by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,740,423 shares of the restaurant operator’s stock worth $51,952,000 after purchasing an additional 375,955 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in shares of Performance Food Group by 21.2% during the first quarter. GW&K Investment Management LLC now owns 1,209,132 shares of the restaurant operator’s stock worth $36,093,000 after purchasing an additional 211,832 shares in the last quarter. 93.95% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on PFGC. Guggenheim reiterated a “buy” rating and set a $43.00 target price on shares of Performance Food Group in a research report on Friday, July 20th. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Friday, July 20th. Loop Capital increased their target price on Performance Food Group to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 19th. Wells Fargo & Co increased their target price on Performance Food Group from $40.00 to $46.00 and gave the stock a “$38.15” rating in a research report on Wednesday, July 18th. Finally, ValuEngine upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Performance Food Group has a consensus rating of “Buy” and a consensus price target of $38.30.

NYSE PFGC opened at $36.60 on Tuesday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 0.95 and a beta of 0.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.51 and a quick ratio of 0.78. Performance Food Group Co has a 1-year low of $25.40 and a 1-year high of $39.45.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 9th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Performance Food Group had a return on equity of 15.76% and a net margin of 1.00%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. research analysts forecast that Performance Food Group Co will post 1.6 EPS for the current fiscal year.

In other Performance Food Group news, insider George L. Holm sold 56,176 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $36.43, for a total transaction of $2,046,491.68. Following the completion of the transaction, the insider now owns 166,937 shares in the company, valued at approximately $6,081,514.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terry A. West sold 4,656 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $34.97, for a total value of $162,820.32. The disclosure for this sale can be found here. Insiders have sold a total of 215,105 shares of company stock valued at $7,543,780 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as 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 seafood products, shortenings and oils, baked goods, and salad dressings.

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

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