Westfield Capital Management Co. LP increased its holdings in shares of Performance Food Group Co (NYSE:PFGC) by 17.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 664,184 shares of the food distribution company’s stock after purchasing an additional 98,779 shares during the period. Westfield Capital Management Co. LP’s holdings in Performance Food Group were worth $26,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its holdings in Performance Food Group by 2.9% during the 1st quarter. BlackRock Inc. now owns 7,570,996 shares of the food distribution company’s stock worth $300,114,000 after buying an additional 212,027 shares during the period. Jennison Associates LLC increased its position in shares of Performance Food Group by 29.1% during the first quarter. Jennison Associates LLC now owns 2,984,830 shares of the food distribution company’s stock worth $118,319,000 after acquiring an additional 673,089 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Performance Food Group by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,051,932 shares of the food distribution company’s stock worth $66,214,000 after acquiring an additional 139,473 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Performance Food Group by 10.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,547,690 shares of the food distribution company’s stock worth $61,351,000 after acquiring an additional 140,725 shares during the period. Finally, GW&K Investment Management LLC lifted its position in Performance Food Group by 12.1% in the 2nd quarter. GW&K Investment Management LLC now owns 1,382,943 shares of the food distribution company’s stock valued at $55,359,000 after acquiring an additional 149,622 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

PFGC traded up $0.36 during trading hours on Wednesday, hitting $45.79. 56,536 shares of the company’s stock were exchanged, compared to its average volume of 635,317. Performance Food Group Co has a 1-year low of $28.05 and a 1-year high of $47.26. The stock’s 50-day moving average is $44.86 and its two-hundred day moving average is $41.17. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.99 and a beta of 0.63. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 1.03.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. Performance Food Group had a net margin of 0.84% and a return on equity of 15.86%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 28.4% compared to the same quarter last year. On average, equities research analysts anticipate that Performance Food Group Co will post 1.98 EPS for the current year.

A number of equities analysts recently weighed in on PFGC shares. BMO Capital Markets upped their target price on shares of Performance Food Group to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Buckingham Research lifted their price target on Performance Food Group from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Loop Capital boosted their price target on Performance Food Group to $50.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Performance Food Group in a research report on Thursday, August 15th. Finally, Zacks Investment Research upgraded Performance Food Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $46.89.

In related news, insider Christine R. Vlahcevic sold 7,879 shares of the firm’s stock in a transaction dated 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 directly owns 19,807 shares in the company, valued at approximately $896,662.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick T. Hagerty sold 7,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total value of $325,990.00. Following the transaction, the insider now owns 138,406 shares of the company’s stock, valued at approximately $6,445,567.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,879 shares of company stock worth $1,271,022. 3.80% of the stock is owned by company insiders.

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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