Performance Food Group Company $PFGC Shares Acquired by Inceptionr LLC

Inceptionr LLC boosted its position in Performance Food Group Company (NYSE:PFGC) by 51.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,117 shares of the food distribution company’s stock after purchasing an additional 5,130 shares during the period. Inceptionr LLC’s holdings in Performance Food Group were worth $1,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Performance Food Group by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after buying an additional 184,066 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Performance Food Group during the 1st quarter worth $359,000. EverSource Wealth Advisors LLC boosted its position in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares in the last quarter. Marshall Wace LLP acquired a new stake in Performance Food Group in the 2nd quarter valued at about $230,000. Finally, Qube Research & Technologies Ltd grew its stake in Performance Food Group by 499.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after acquiring an additional 273,997 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Price Performance

NYSE:PFGC opened at $110.23 on Friday. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $116.42. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company’s 50-day moving average is $104.37 and its two-hundred day moving average is $95.75. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40.

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

Insider Activity

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the completion of the transaction, the insider directly owned 44,655 shares in the company, valued at approximately $4,221,683.70. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider A Brent King sold 6,111 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $105.00, for a total value of $641,655.00. Following the transaction, the insider directly owned 44,260 shares in the company, valued at approximately $4,647,300. This represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,187 shares of company stock valued at $3,027,315 over the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Guggenheim raised their price objective on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Barclays lifted 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. Finally, Citigroup upped their target price on Performance Food Group from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus price target of $123.82.

About Performance Food Group

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.