Natixis Advisors L.P. boosted its position in shares of Performance Food Group (NYSE:PFGC – Get Rating) by 16.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 619,897 shares of the food distribution company’s stock after buying an additional 85,872 shares during the quarter. Natixis Advisors L.P. owned approximately 0.40% of Performance Food Group worth $36,196,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Performance Food Group by 11.8% in the 1st quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock worth $1,479,000 after buying an additional 3,064 shares during the last quarter. US Bancorp DE lifted its stake in Performance Food Group by 8.1% in the first quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock worth $234,000 after acquiring an additional 343 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Performance Food Group in the first quarter valued at $71,000. PNC Financial Services Group Inc. increased its position in Performance Food Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock valued at $737,000 after purchasing an additional 3,588 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Performance Food Group by 8.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock worth $4,516,000 after purchasing an additional 6,905 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.
Insider Buying and Selling at Performance Food Group
In related news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $61.26, for a total transaction of $30,630.00. Following the sale, the insider now directly owns 154,290 shares of the company’s stock, valued at $9,451,805.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $61.26, for a total transaction of $30,630.00. Following the transaction, the insider now owns 154,290 shares in the company, valued at $9,451,805.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donald S. Bulmer sold 970 shares of Performance Food Group stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $59.81, for a total transaction of $58,015.70. Following the completion of the sale, the insider now directly owns 33,196 shares of the company’s stock, valued at approximately $1,985,452.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,970 shares of company stock worth $116,801. Insiders own 2.80% of the company’s stock.
Performance Food Group Price Performance
PFGC opened at $60.00 on Monday. The firm has a market cap of $9.37 billion, a PE ratio of 34.88 and a beta of 1.36. The stock has a 50-day moving average price of $58.40 and a 200-day moving average price of $56.07. Performance Food Group has a 1 year low of $38.23 and a 1 year high of $63.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.71 and a quick ratio of 0.73.
Performance Food Group (NYSE:PFGC – Get Rating) last issued its earnings results on Wednesday, February 8th. The food distribution company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $13.90 billion during the quarter, compared to analysts’ expectations of $13.89 billion. Performance Food Group had a net margin of 0.47% and a return on equity of 16.15%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Sell-side analysts predict that Performance Food Group will post 3.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Performance Food Group from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, January 4th. Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of Performance Food Group in a research report on Friday, February 24th. Truist Financial raised their target price on Performance Food Group from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 25th. Finally, Barclays raised their price objective on Performance Food Group from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.36.
About Performance Food Group
Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.
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