Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Performance Food Group (NYSE:PFGC)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Performance Food Group (NYSE:PFGC) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,275 shares of the food distribution company’s stock after acquiring an additional 1,090 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Performance Food Group were worth $1,010,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of Performance Food Group by 4.3% in the second quarter. CIBC Asset Management Inc now owns 4,375 shares of the food distribution company’s stock worth $289,000 after buying an additional 179 shares in the last quarter. Hanlon Investment Management Inc. raised its stake in shares of Performance Food Group by 1.4% during the first quarter. Hanlon Investment Management Inc. now owns 14,011 shares of the food distribution company’s stock worth $1,046,000 after acquiring an additional 194 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Performance Food Group by 1.9% in the 1st quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company’s stock valued at $819,000 after purchasing an additional 200 shares in the last quarter. QRG Capital Management Inc. raised its position in Performance Food Group by 5.8% in the 1st quarter. QRG Capital Management Inc. now owns 4,243 shares of the food distribution company’s stock worth $317,000 after purchasing an additional 233 shares during the period. Finally, GAMMA Investing LLC boosted its position in Performance Food Group by 65.2% during the second quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after buying an additional 349 shares during the period. 96.87% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their target price 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 dropped their price objective on 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. 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 research note on Thursday, August 15th. BMO Capital Markets increased their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, August 15th. Finally, Barclays boosted their price objective on shares of Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.38.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $77.62 on Tuesday. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The stock has a market capitalization of $12.08 billion, a P/E ratio of 28.96, a P/E/G ratio of 0.82 and a beta of 1.44. The company’s 50-day moving average is $70.65 and its 200 day moving average is $70.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76.

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