Performance Food Group (NYSE:PFGC) Stock Holdings Lifted by KBC Group NV

KBC Group NV lifted its holdings in shares of Performance Food Group (NYSE:PFGC) by 20.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,106 shares of the food distribution company’s stock after purchasing an additional 695 shares during the quarter. KBC Group NV’s holdings in Performance Food Group were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PFGC. Capital World Investors grew its holdings in shares of Performance Food Group by 0.5% during the first quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock valued at $1,606,782,000 after purchasing an additional 100,244 shares during the last quarter. Eminence Capital LP increased its position in Performance Food Group by 7.4% in the second 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 during the period. Dimensional Fund Advisors LP lifted its stake in Performance Food Group by 27.9% in the second 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 last quarter. Point72 Asset Management L.P. lifted its stake in 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 valued at $113,093,000 after buying an additional 372,218 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of Performance Food Group by 223.4% during 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 during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now owns 149,863 shares of the company’s stock, valued at approximately $11,185,774.32. This trade represents a 14.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the insider now directly owns 162,987 shares in the company, valued at approximately $12,152,310.72. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $82.85 on Wednesday. Performance Food Group has a twelve month low of $61.40 and a twelve month high of $89.00. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $80.30 and a two-hundred day moving average of $72.90. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 0.90 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. As a group, analysts expect that Performance Food Group will post 4.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the topic of several recent research reports. UBS Group boosted their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley restated an “equal weight” rating and issued a $92.00 target price on shares of Performance Food Group in a research report on Monday, October 28th. Barclays boosted their price target on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.27.

Performance Food Group Company 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.