International Assets Investment Management LLC Purchases 11,112 Shares of Performance Food Group (NYSE:PFGC)

International Assets Investment Management LLC grew its position in Performance Food Group (NYSE:PFGC - Free Report) by 701.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,696 shares of the food distribution company's stock after purchasing an additional 11,112 shares during the period. International Assets Investment Management LLC's holdings in Performance Food Group were worth $995,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. lifted its holdings in shares of Performance Food Group by 207.1% in the third quarter. Lecap Asset Management Ltd. now owns 23,106 shares of the food distribution company's stock worth $1,811,000 after buying an additional 15,581 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Performance Food Group by 23.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,048 shares of the food distribution company's stock worth $709,000 after buying an additional 1,689 shares during the last quarter. Raymond James & Associates lifted its stake in Performance Food Group by 1.9% in the third quarter. Raymond James & Associates now owns 186,233 shares of the food distribution company's stock worth $14,595,000 after acquiring an additional 3,390 shares during the period. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Performance Food Group in the 3rd quarter valued at $36,000. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company increased their target price on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Truist Financial boosted their target price on shares of Performance Food Group from $86.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Barclays raised their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group upped 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 report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.88.

Performance Food Group Price Performance

Shares of PFGC stock traded up $1.36 during mid-day trading on Tuesday, hitting $82.29. 1,466,988 shares of the stock traded hands, compared to its average volume of 1,014,584. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The company's 50-day simple moving average is $78.13 and its 200-day simple moving average is $71.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. Performance Food Group has a twelve month low of $59.35 and a twelve month high of $83.70.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $15.25 billion. During the same period last year, the company earned $1.14 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Performance Food Group will post 4.87 earnings per share for the current year.

Insider Activity

In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction dated 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 sale, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the sale, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George L. Holm sold 63,500 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $7,426,075. Corporate insiders own 2.80% 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.