World Investment Advisors LLC Acquires New Position in Performance Food Group (NYSE:PFGC)

World Investment Advisors LLC bought a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 27,879 shares of the food distribution company's stock, valued at approximately $2,185,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group during the 3rd quarter worth about $26,000. Innealta Capital LLC bought a new position in Performance Food Group in the 2nd quarter worth about $30,000. Venturi Wealth Management LLC grew its holdings in Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after buying an additional 274 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after buying an additional 365 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PFGC has been the topic of several research analyst reports. 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 report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. UBS Group upped 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 report on Thursday, November 7th. Barclays lifted their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Guggenheim increased their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.27.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now directly owns 192,868 shares of the company's stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Performance Food Group Trading Up 0.5 %

NYSE PFGC traded up $0.45 during trading hours on Friday, hitting $88.65. 834,718 shares of the company were exchanged, compared to its average volume of 1,027,771. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $84.72 and a 200 day moving average price of $75.18. The stock has a market cap of $13.81 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 earnings per share. Analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Performance Food Group 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.