Natixis Advisors LLC Increases Stock Position in Performance Food Group (NYSE:PFGC)

Natixis Advisors LLC boosted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,544 shares of the food distribution company's stock after purchasing an additional 27,586 shares during the quarter. Natixis Advisors LLC owned about 0.14% of Performance Food Group worth $17,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PFGC. Atria Investments Inc grew its stake in shares of Performance Food Group by 79.3% in the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company's stock worth $2,180,000 after buying an additional 12,919 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Performance Food Group during the second quarter worth approximately $6,843,000. Aigen Investment Management LP raised its position in Performance Food Group by 56.1% during the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company's stock valued at $1,330,000 after purchasing an additional 6,099 shares during the period. Magnetar Financial LLC bought a new stake in shares of Performance Food Group in the 1st quarter valued at approximately $1,913,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $142,170,000 after purchasing an additional 469,500 shares during the period. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

PFGC traded up $0.38 on Wednesday, reaching $83.22. 128,351 shares of the stock were exchanged, compared to its average volume of 1,025,381. The company's 50-day moving average price is $80.53 and its 200 day moving average price is $73.00. Performance Food Group has a fifty-two week low of $61.59 and a fifty-two week high of $89.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The firm has a market capitalization of $12.97 billion, a PE ratio of 30.57, a PEG ratio of 0.90 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $15.22 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. Performance Food Group's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Performance Food Group will post 4.71 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. This represents a 14.30 % 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PFGC. Guggenheim raised their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. UBS Group raised their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company increased their price target on Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.27.

About Performance Food Group

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.