Vestmark Advisory Solutions Inc. bought a new position in shares of Performance Food Group Company (NYSE:PFGC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,406 shares of the food distribution company’s stock, valued at approximately $648,000.
A number of other hedge funds have also recently bought and sold shares of PFGC. Xponance Inc. boosted its holdings in shares of Performance Food Group by 1.6% in the 1st quarter. Xponance Inc. now owns 20,748 shares of the food distribution company’s stock valued at $1,631,000 after buying an additional 332 shares during the last quarter. CWM LLC increased its holdings in Performance Food Group by 8.6% during the first quarter. CWM LLC now owns 2,332 shares of the food distribution company’s stock worth $183,000 after buying an additional 185 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Performance Food Group during the first quarter worth $3,093,000. Signaturefd LLC lifted its stake in Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock valued at $65,000 after acquiring an additional 314 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Performance Food Group by 5.7% in the 1st quarter. Larson Financial Group LLC now owns 43,807 shares of the food distribution company’s stock valued at $3,445,000 after acquiring an additional 2,361 shares during the period. 96.87% of the stock is currently owned by institutional investors.
Performance Food Group Price Performance
Shares of NYSE PFGC opened at $96.77 on Wednesday. The firm has a market cap of $15.17 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The business’s 50 day moving average is $101.93 and its 200-day moving average is $95.40. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Performance Food Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a research report on Tuesday, August 26th. UBS Group raised their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Wells Fargo & Company increased their price target on Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.60.
Check Out Our Latest Analysis on PFGC
Insider Buying and Selling at Performance Food Group
In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the transaction, the insider directly owned 47,655 shares of the company’s stock, valued at approximately $5,007,110.85. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika T. Davis sold 4,316 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $433,844.32. Following the completion of the sale, the insider directly owned 55,373 shares of the company’s stock, valued at $5,566,093.96. This represents a 7.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 42,768 shares of company stock valued at $4,373,921. 4.50% of the stock is currently owned by insiders.
Performance Food Group Company Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
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