Performance Food Group (NYSE:PFGC) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 276.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,818 shares of the food distribution company's stock after buying an additional 13,081 shares during the period. Quest Partners LLC's holdings in Performance Food Group were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. boosted its holdings in shares of Performance Food Group by 414.1% during the fourth quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company's stock worth $152,011,000 after purchasing an additional 1,770,683 shares during the last quarter. Norges Bank acquired a new stake in Performance Food Group in the 4th quarter worth about $119,726,000. Wellington Management Group LLP grew its holdings in Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company's stock valued at $447,645,000 after buying an additional 397,114 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Performance Food Group during the 4th quarter valued at about $11,410,000. Finally, Primecap Management Co. CA purchased a new position in shares of Performance Food Group during the 4th quarter worth about $11,230,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Insiders Place Their Bets

In related news, Director Kimberly Grant sold 4,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the sale, the director now directly owns 10,184 shares of the company's stock, valued at $749,644.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Scott E. Mcpherson sold 25,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction 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 $11,185,774.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of Performance Food Group 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 in the company, valued at $749,644.24. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PFGC shares. Morgan Stanley lowered their price objective on shares of Performance Food Group from $80.00 to $76.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price objective on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 upped their price target on shares of Performance Food Group from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.38.

Performance Food Group Stock Down 0.3 %

Shares of Performance Food Group stock traded down $0.19 during trading hours on Tuesday, hitting $71.30. 573,798 shares of the company's stock traded hands, compared to its average volume of 1,049,074. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The company has a market cap of $11.11 billion, a PE ratio of 26.68, a PEG ratio of 0.78 and a beta of 1.44. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $68.43 and a 200-day simple moving average of $70.37.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The company had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $1.14 EPS. Performance Food Group's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

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.