8,587 Shares in Performance Food Group (NYSE:PFGC) Purchased by Choreo LLC

Choreo LLC purchased a new stake in Performance Food Group (NYSE:PFGC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,587 shares of the food distribution company's stock, valued at approximately $559,000.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC raised its stake in shares of Performance Food Group by 276.1% in the 2nd quarter. Quest Partners LLC now owns 17,818 shares of the food distribution company's stock valued at $1,178,000 after buying an additional 13,081 shares in the last quarter. Oak Thistle LLC increased its stake in Performance Food Group by 34.4% in the second quarter. Oak Thistle LLC now owns 8,093 shares of the food distribution company's stock valued at $535,000 after acquiring an additional 2,071 shares during the period. Custom Index Systems LLC acquired a new position in Performance Food Group in the second quarter worth about $383,000. Acadian Asset Management LLC lifted its stake in Performance Food Group by 617.5% during the second quarter. Acadian Asset Management LLC now owns 15,210 shares of the food distribution company's stock worth $1,002,000 after purchasing an additional 13,090 shares during the period. Finally, Hanlon Investment Management Inc. boosted its holdings in Performance Food Group by 5.3% during the second quarter. Hanlon Investment Management Inc. now owns 14,756 shares of the food distribution company's stock valued at $976,000 after purchasing an additional 745 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded up $0.50 during midday trading on Friday, hitting $73.51. The company had a trading volume of 880,313 shares, compared to its average volume of 1,044,274. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The company has a market capitalization of $11.46 billion, a PE ratio of 27.43, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. The firm's 50-day simple moving average is $69.07 and its 200-day simple moving average is $70.31.

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 for the quarter, topping the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion during the quarter, compared to analysts' expectations of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. Performance Food Group's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. Equities research analysts predict that Performance Food Group will post 4.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PFGC. Barclays increased their target price on Performance Food Group from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. Wells Fargo & Company lifted their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Morgan Stanley lowered their target price on shares of Performance Food Group from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 16th. StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and a consensus price target of $86.38.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the insider now directly owns 162,987 shares of the company's stock, valued at approximately $12,152,310.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group 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 completion of the sale, the insider now owns 162,987 shares of the company's stock, valued at approximately $12,152,310.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $7,426,075 over the last 90 days. Insiders own 2.60% of the company's stock.

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.