Performance Food Group Company $PFGC Shares Bought by Capital World Investors

Capital World Investors raised its stake in Performance Food Group Company (NYSE:PFGC) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,663,573 shares of the food distribution company’s stock after acquiring an additional 216,720 shares during the period. Capital World Investors owned 0.14% of Performance Food Group worth $2,037,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Performance Food Group in the fourth quarter valued at approximately $41,000. Lloyd Advisory Services LLC. acquired a new position in Performance Food Group in the fourth quarter valued at approximately $43,000. Clearstead Advisors LLC boosted its stake in Performance Food Group by 132.9% in the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after acquiring an additional 335 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 537 shares during the period. Finally, AlphaQuest LLC boosted its stake in Performance Food Group by 76.0% in the third quarter. AlphaQuest LLC now owns 667 shares of the food distribution company’s stock valued at $69,000 after acquiring an additional 288 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Performance Food Group

In related news, insider Hugh Patrick Hatcher sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total transaction of $283,620.00. Following the sale, the insider owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A Brent King sold 5,641 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $96.63, for a total value of $545,089.83. Following the sale, the insider directly owned 57,211 shares in the company, valued at approximately $5,528,298.93. The trade was a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,891 shares of company stock worth $1,232,460 in the last three months. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PFGC. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Citigroup boosted their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays boosted their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Stock Performance

Shares of NYSE PFGC opened at $97.00 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $91.24 and a 200-day simple moving average of $92.11. The company has a market cap of $15.24 billion, a PE ratio of 46.19, a P/E/G ratio of 1.52 and a beta of 0.93. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Performance Food Group Company will post 4.57 EPS for the current year.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.