5,372 Shares in Performance Food Group Company $PFGC Purchased by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in Performance Food Group Company (NYSE:PFGC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,372 shares of the food distribution company’s stock, valued at approximately $483,000.

A number of other hedge funds also recently bought and sold shares of PFGC. Goldman Sachs Group Inc. boosted its stake in Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after purchasing an additional 184,066 shares in the last quarter. Empowered Funds LLC bought a new position in Performance Food Group in the 1st quarter worth about $359,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 537 shares in the last quarter. Marshall Wace LLP bought a new position in Performance Food Group in the 2nd quarter worth about $230,000. Finally, Qube Research & Technologies Ltd raised its position 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 worth $28,764,000 after buying an additional 273,997 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Insider Activity

In other news, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the sale, the director owned 11,935 shares of the company’s stock, valued at $1,133,825. This represents a 17.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the sale, the insider directly owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PFGC shares. Citigroup boosted their target price 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Finally, Barclays boosted their target price 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 investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $93.71 on Friday. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05. The business has a 50-day simple moving average of $89.04 and a two-hundred day simple moving average of $92.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.

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 return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Performance Food Group’s revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current year.

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.