Performance Food Group Company $PFGC Shares Newly Purchased by Krilogy Financial LLC

Krilogy Financial LLC purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the third quarter, according to its most recent filing with the SEC. The firm purchased 10,758 shares of the food distribution company’s stock, valued at approximately $1,019,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PFGC. BlackRock Inc. purchased a new stake in shares of Performance Food Group during the 2nd quarter worth approximately $1,576,983,000. Primecap Management Co. CA acquired a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $305,064,000. Bank of New York Mellon Corp purchased a new position in Performance Food Group in the 2nd quarter valued at approximately $105,756,000. TimesSquare Capital Management LLC purchased a new position in Performance Food Group in the 2nd quarter valued at approximately $94,236,000. Finally, Bank of America Corp DE purchased a new position in Performance Food Group in the 2nd quarter valued at approximately $78,474,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Performance Food Group

In related news, insider Donald S. Bulmer sold 1,353 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $142,457.37. Following the completion of the transaction, the insider directly owned 52,938 shares in the company, valued at approximately $5,573,842.02. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total value of $92,862.00. Following the transaction, the insider owned 5,783 shares in the company, valued at $534,349.20. This trade represents a 14.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 41,459 shares of company stock valued at $4,317,917. 4.50% of the stock is currently owned by insiders.

Performance Food Group Trading Up 0.5%

Shares of PFGC traded up $0.44 on Friday, hitting $97.75. 1,482,766 shares of the stock traded hands, compared to its average volume of 1,402,160. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. The stock’s 50 day moving average is $97.66 and its two-hundred day moving average is $99.44. The firm has a market capitalization of $15.40 billion, a P/E ratio of 42.69, a P/E/G ratio of 1.24 and a beta of 0.87. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.01). The firm had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, sell-side analysts predict that Performance Food Group Company will post 5.60 earnings per share for the current year.

Wall Street Analyst Weigh In

PFGC has been the subject of several research reports. Guggenheim lifted their price objective on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Morgan Stanley upped their target price on Performance Food Group from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen lowered their target price on Performance Food Group from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, UBS Group cut their price target on Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.40.

Performance Food Group Profile

Performance Food Group Co (NYSE:PFGC) is a foodservice and convenience distribution company headquartered in Richmond, Virginia. Through its operating businesses, the company supplies food and related products to restaurants, foodservice operators, convenience stores and other commercial customers across the United States and Canada.

PFGC’s foodservice operations distribute a broad selection of center-of-the-plate foods, fresh and frozen products, produce, beverages, disposables, cleaning supplies and other restaurant essentials.