Aigen Investment Management LP boosted its holdings in shares of Performance Food Group (NYSE:PFGC – Free Report) by 56.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,974 shares of the food distribution company’s stock after acquiring an additional 6,099 shares during the quarter. Aigen Investment Management LP’s holdings in Performance Food Group were worth $1,330,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Performance Food Group by 0.5% during the 1st quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock valued at $1,606,782,000 after acquiring an additional 100,244 shares during the period. Eminence Capital LP lifted its holdings in Performance Food Group by 7.4% during the 2nd quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock worth $158,572,000 after buying an additional 164,472 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after buying an additional 469,500 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Performance Food Group by 27.8% in the second quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after acquiring an additional 372,218 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Performance Food Group by 223.4% in the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after acquiring an additional 1,122,676 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Morgan Stanley restated an “equal weight” rating and issued a $92.00 price target on shares of Performance Food Group in a research note on Monday, October 28th. BMO Capital Markets lifted their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Guggenheim increased their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and an average price target of $94.50.
Insider Buying and Selling at Performance Food Group
In other news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the sale, the insider now owns 531,556 shares in the company, valued at $39,085,312.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the completion of the sale, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $7,426,075. 2.80% of the stock is currently owned by insiders.
Performance Food Group Stock Performance
PFGC stock traded down $0.25 on Tuesday, hitting $87.00. The company’s stock had a trading volume of 11,405 shares, compared to its average volume of 1,024,394. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The firm has a 50 day moving average of $79.08 and a two-hundred day moving average of $72.32. The company has a current ratio of 1.70, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Performance Food Group has a 1 year low of $60.59 and a 1 year high of $89.00.
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. Equities analysts predict that Performance Food Group will post 4.71 EPS for the current fiscal year.
Performance Food Group Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
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