American Century Companies Inc. Acquires 15,447 Shares of Performance Food Group (NYSE:PFGC)

American Century Companies Inc. raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 12.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 138,071 shares of the food distribution company’s stock after buying an additional 15,447 shares during the quarter. American Century Companies Inc.’s holdings in Performance Food Group were worth $9,128,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in shares of Performance Food Group by 414.1% in the 4th quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after acquiring an additional 1,770,683 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 worth $447,645,000 after acquiring an additional 397,114 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Performance Food Group in the 4th quarter worth about $11,410,000. Primecap Management Co. CA bought a new stake in shares of Performance Food Group in the 4th quarter worth about $11,230,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Performance Food Group by 30.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 505,371 shares of the food distribution company’s stock worth $33,410,000 after acquiring an additional 116,659 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 0.0 %

NYSE PFGC opened at $77.01 on Monday. 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 company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company’s 50-day simple moving average is $70.38 and its two-hundred day simple moving average is $70.24. Performance Food Group has a one year low of $52.92 and a one year high of $78.54.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The business had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that Performance Food Group will post 4.87 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In related news, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 in the company, valued at approximately $749,644.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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 approximately $11,185,774.32. The sale was disclosed in a document filed 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 that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the sale, the director now owns 10,184 shares of the company’s stock, valued at $749,644.24. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $7,426,075 in the last 90 days. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PFGC. Deutsche Bank Aktiengesellschaft raised 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. Jefferies Financial Group raised their target price on shares of Performance Food Group from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Truist Financial raised their target price on shares of Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley reduced their price target on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.38.

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.