State of Wyoming Has $1.11 Million Stock Holdings in Performance Food Group Company $PFGC

State of Wyoming grew its position in shares of Performance Food Group Company (NYSE:PFGC) by 315.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,323 shares of the food distribution company’s stock after purchasing an additional 9,354 shares during the quarter. State of Wyoming’s holdings in Performance Food Group were worth $1,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PFGC. Goldman Sachs Group Inc. raised its position in shares of Performance Food Group by 30.3% during the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after acquiring an additional 184,066 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Performance Food Group during the first quarter worth about $359,000. EverSource Wealth Advisors LLC raised its position in shares of Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after acquiring an additional 537 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Performance Food Group during the second quarter worth about $230,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock worth $28,764,000 after acquiring an additional 273,997 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PFGC. Citigroup raised their price objective 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. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays raised 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, Morgan Stanley lowered their price objective on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Ten investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Insiders Place Their Bets

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly Grant sold 2,500 shares of Performance Food Group stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,891 shares of company stock valued at $1,232,460. Company insiders own 4.50% of the company’s stock.

Performance Food Group Trading Up 0.3%

Shares of PFGC stock opened at $96.47 on Thursday. The company has a market cap of $15.15 billion, a P/E ratio of 45.94, a PEG ratio of 1.51 and a beta of 0.93. The stock has a 50 day simple moving average of $90.81 and a two-hundred day simple moving average of $92.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05.

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. 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 return on equity of 15.33% and a net margin of 0.49%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. Research analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current year.

Performance Food Group Company Profile

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.