Dupont Capital Management Corp Purchases Shares of 39,640 Performance Food Group Co (NYSE:PFGC)

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.

TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/14/39640-shares-in-performance-food-group-company-pfgc-acquired-by-dupont-capital-management-corp.html.

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.

Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply