Performance Food Group Company $PFGC Shares Newly Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in shares of Performance Food Group Company (NYSE:PFGC) during the 3rd quarter, HoldingsChannel reports. The firm bought 12,027 shares of the food distribution company’s stock, valued at approximately $1,101,000.

A number of other large investors also recently made changes to their positions in PFGC. BlackRock Inc. purchased a new stake in shares of Performance Food Group in the second quarter worth approximately $1,576,983,000. Primecap Management Co. CA acquired a new stake in shares of Performance Food Group during the second quarter worth approximately $305,064,000. Dimensional Fund Advisors LP boosted its holdings in shares of Performance Food Group by 32.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,514,963 shares of the food distribution company’s stock worth $215,418,000 after purchasing an additional 619,572 shares during the period. Bank of New York Mellon Corp purchased a new position in Performance Food Group during the second quarter valued at approximately $105,756,000. Finally, TimesSquare Capital Management LLC purchased a new position in Performance Food Group during the second quarter valued at approximately $94,236,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Down 1.2%

Shares of NYSE PFGC opened at $109.93 on Friday. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 1.10 and a beta of 0.91. The business has a 50 day simple moving average of $96.75 and a 200 day simple moving average of $97.98. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $117.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.68 and a current ratio of 1.61.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 4th. The food distribution company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.02 billion. Performance Food Group had a return on equity of 15.25% and a net margin of 0.57%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, research analysts predict that Performance Food Group Company will post 5.60 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on PFGC. Weiss Ratings lowered shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. UBS Group lifted their target price on shares of Performance Food Group from $130.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. TD Cowen boosted their price target on shares of Performance Food Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Morgan Stanley upped their price target on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.40.

Insider Buying and Selling

In other news, insider Hugh Hatcher sold 3,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $99.18, for a total transaction of $297,540.00. Following the transaction, the insider owned 58,167 shares in the company, valued at $5,769,003.06. This represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total transaction of $92,862.00. Following the transaction, the insider owned 5,783 shares in the company, valued at approximately $534,349.20. This trade represents a 14.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 41,459 shares of company stock valued at $4,317,917. 2.10% of the stock is owned by company insiders.

Performance Food Group Company Profile

Performance Food Group Company is a foodservice and convenience-store distributor headquartered in Richmond, Virginia. Through its distribution network, the company supplies food and related products to restaurants, schools, healthcare facilities, businesses, and other institutions, as well as convenience retailers. Its offerings include fresh and frozen foods, dry groceries, beverages, snacks, and disposables and other operating supplies. The company operates through businesses including Performance Foodservice, Vistar, and Core-Mark, which serve different customer segments and provide distribution and related services.