66,733 Shares in Performance Food Group Company $PFGC Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,733 shares of the food distribution company’s stock, valued at approximately $7,460,000.

Several other institutional investors have also added to or reduced their stakes in PFGC. California State Teachers Retirement System raised its holdings in shares of Performance Food Group by 10,766.1% during the 2nd quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock worth $2,231,353,000 after acquiring an additional 19,776,523 shares in the last quarter. BlackRock Inc. bought a new stake in Performance Food Group in the second quarter worth $1,576,983,000. Primecap Management Co. CA bought a new stake in Performance Food Group in the second quarter worth $305,064,000. Norges Bank purchased a new stake in Performance Food Group during the fourth quarter valued at $208,170,000. Finally, Wellington Management Group LLP lifted its position in Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of research reports. UBS Group reduced their target price on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Citigroup lifted their price target on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Guggenheim boosted their price objective on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Performance Food Group in a research note on Thursday, August 13th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $126.90.

Performance Food Group Trading Down 1.3%

PFGC stock opened at $95.52 on Thursday. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. The firm’s fifty day simple moving average is $108.41 and its two-hundred day simple moving average is $98.75.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The firm had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. During the same quarter last year, the business posted $0.84 EPS. Performance Food Group’s revenue was up 6.7% compared to the same quarter last year. As a group, analysts anticipate that Performance Food Group Company will post 5.6 earnings per share for the current year.

Insider Buying and Selling

In other Performance Food Group news, insider Chasity D. Grosh sold 643 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $104.42, for a total value of $67,142.06. Following the completion of the sale, the insider owned 7,222 shares of the company’s stock, valued at $754,121.24. This trade represents a 8.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Davis sold 1,320 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the sale, the insider directly owned 40,402 shares of the company’s stock, valued at approximately $4,253,926.58. The trade was a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,910 shares of company stock worth $5,335,910 over the last three months. 4.50% of the stock is currently owned by company insiders.

Performance Food Group Company Profile

Performance Food Group Company (NYSE:PFGC) is a food and food-related products distributor serving businesses across the United States and Canada. The company supplies restaurants, foodservice operators, schools, healthcare facilities, hospitality businesses, vending and entertainment venues, and convenience stores.

Performance Food Group operates through three primary businesses: Foodservice, Vistar and Convenience. Its offerings include fresh and frozen foods, dry groceries, beverages, ingredients, disposable supplies, and specialty products such as candy, snacks and theater concessions.