Performance Food Group (NYSE:PFGC) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Performance Food Group (NYSE:PFGC) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,278 shares of the food distribution company’s stock after acquiring an additional 124,509 shares during the quarter. Bank of Montreal Can’s holdings in Performance Food Group were worth $49,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Corient Private Wealth LLC increased its stake in Performance Food Group by 47.1% during the 4th quarter. Corient Private Wealth LLC now owns 36,333 shares of the food distribution company’s stock valued at $2,512,000 after purchasing an additional 11,626 shares in the last quarter. Advisory Services Network LLC raised its stake in Performance Food Group by 10.7% in the 4th quarter. Advisory Services Network LLC now owns 6,181 shares of the food distribution company’s stock worth $427,000 after acquiring an additional 598 shares during the last quarter. United Services Automobile Association lifted its position in Performance Food Group by 14.8% during the 4th quarter. United Services Automobile Association now owns 12,387 shares of the food distribution company’s stock worth $857,000 after acquiring an additional 1,600 shares during the period. TFO Wealth Partners LLC grew its stake in Performance Food Group by 46,780.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,688 shares of the food distribution company’s stock valued at $324,000 after purchasing an additional 4,678 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Performance Food Group during the 4th quarter valued at about $193,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Performance Food Group

In related news, insider George L. Holm sold 63,500 shares of the business’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 completion of the sale, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares in the company, valued at $749,644.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 in the last three months. 2.60% of the stock is currently owned by company insiders.

Performance Food Group Stock Up 0.2 %

PFGC opened at $77.53 on Thursday. The company has a fifty day moving average of $70.91 and a two-hundred day moving average of $70.25. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 0.85 and a beta of 1.44. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. 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 (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. On average, research analysts expect that Performance Food Group will post 4.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of research reports. BMO Capital Markets lifted their target price on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday. Barclays raised their target price on shares of Performance Food Group from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Morgan Stanley lowered 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 report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Company 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.