Dupont Capital Management Corp acquired a new position in shares of Performance Food Group Co (NYSE:PFGC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,640 shares of the restaurant operator’s stock, valued at approximately $1,312,000.
Several other institutional investors also recently made changes to their positions in PFGC. Principal Financial Group Inc. purchased a new stake in Performance Food Group in the second quarter valued at approximately $415,000. Wells Fargo & Company MN increased its holdings in shares of Performance Food Group by 21.3% in the second quarter. Wells Fargo & Company MN now owns 241,644 shares of the restaurant operator’s stock valued at $6,621,000 after purchasing an additional 42,401 shares during the period. Teachers Advisors LLC increased its holdings in shares of Performance Food Group by 80.0% in the second quarter. Teachers Advisors LLC now owns 191,128 shares of the restaurant operator’s stock valued at $5,237,000 after purchasing an additional 84,951 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Performance Food Group by 84.9% in the second quarter. Nationwide Fund Advisors now owns 40,279 shares of the restaurant operator’s stock valued at $1,104,000 after purchasing an additional 18,500 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Performance Food Group by 62.4% in the second quarter. BlackRock Inc. now owns 5,336,665 shares of the restaurant operator’s stock valued at $146,224,000 after purchasing an additional 2,049,633 shares during the period. 83.09% of the stock is owned by institutional investors and hedge funds.
In other Performance Food Group news, Director William F. Dawson, Jr. sold 6,272,914 shares of Performance Food Group stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $29.68, for a total transaction of $186,180,087.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Craig Howard Hoskins sold 12,533 shares of Performance Food Group stock in a transaction on Friday, February 9th. The shares were sold at an average price of $30.49, for a total value of $382,131.17. Following the transaction, the insider now owns 149,744 shares in the company, valued at $4,565,694.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,285,447 shares of company stock worth $326,712,219. 3.70% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on PFGC shares. Wells Fargo & Co raised Performance Food Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. BidaskClub raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, December 19th. Morgan Stanley upped their price objective on Performance Food Group from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, Loop Capital set a $35.00 price objective on Performance Food Group and gave the company a “buy” rating in a research report on Friday, December 15th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Performance Food Group has a consensus rating of “Buy” and a consensus price target of $33.44.
Performance Food Group Co (PFGC) traded up $0.55 during mid-day trading on Wednesday, hitting $30.85. The stock had a trading volume of 232,094 shares, compared to its average volume of 641,361. Performance Food Group Co has a fifty-two week low of $22.30 and a fifty-two week high of $35.25. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $3,224.01, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.93 and a beta of -0.12.
Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm earned $0.29 EPS. Performance Food Group’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts expect that Performance Food Group Co will post 1.6 EPS for the current fiscal year.
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About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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