13,948 Shares in Performance Food Group Company $PFGC Bought by Havemeyer Place LP

Havemeyer Place LP acquired a new position in shares of Performance Food Group Company (NYSE:PFGC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,948 shares of the food distribution company’s stock, valued at approximately $1,254,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Performance Food Group during the 4th quarter valued at $208,170,000. Wellington Management Group LLP increased its position in shares of Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after purchasing an additional 1,964,799 shares in the last quarter. Invesco Ltd. increased its position in shares of Performance Food Group by 79.1% during the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after purchasing an additional 1,168,869 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Performance Food Group during the 4th quarter worth about $81,020,000. Finally, UBS Group AG increased its position in shares of Performance Food Group by 246.4% during the 3rd quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock worth $120,508,000 after purchasing an additional 823,882 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Activity at Performance Food Group

In other news, Director Kimberly Grant sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the sale, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. The trade was a 17.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider A Brent King sold 5,641 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $96.63, for a total transaction of $545,089.83. Following the completion of the sale, the insider directly owned 57,211 shares of the company’s stock, valued at approximately $5,528,298.93. The trade was a 8.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,891 shares of company stock valued at $1,232,460 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Performance Food Group Price Performance

NYSE PFGC opened at $97.00 on Monday. The company has a market capitalization of $15.24 billion, a PE ratio of 46.19, a price-to-earnings-growth 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. The firm’s 50 day moving average is $91.24 and its 200-day moving average is $92.09. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PFGC shares. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Citigroup raised their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays raised their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.00.

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.