Performance Food Group (NYSE:PFGC) Holdings Raised by Masterton Capital Management LP

Masterton Capital Management LP lifted its stake in Performance Food Group (NYSE:PFGC) by 157.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 106,621 shares of the food distribution company’s stock after acquiring an additional 65,272 shares during the quarter. Performance Food Group accounts for 5.0% of Masterton Capital Management LP’s investment portfolio, making the stock its 9th largest position. Masterton Capital Management LP owned 0.07% of Performance Food Group worth $7,049,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PFGC. Point72 DIFC Ltd increased its stake in Performance Food Group by 276.3% during the second quarter. Point72 DIFC Ltd now owns 39,350 shares of the food distribution company’s stock worth $2,601,000 after purchasing an additional 28,893 shares during the period. Bank of Montreal Can lifted its holdings in Performance Food Group by 21.5% during the 2nd quarter. Bank of Montreal Can now owns 703,278 shares of the food distribution company’s stock worth $49,497,000 after buying an additional 124,509 shares in the last quarter. Magnetar Financial LLC boosted its position in Performance Food Group by 174.0% in the 2nd quarter. Magnetar Financial LLC now owns 70,226 shares of the food distribution company’s stock valued at $4,643,000 after buying an additional 44,599 shares during the period. Sei Investments Co. grew its stake in shares of Performance Food Group by 7.3% in the second quarter. Sei Investments Co. now owns 281,688 shares of the food distribution company’s stock worth $18,622,000 after acquiring an additional 19,116 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Performance Food Group by 5,763.6% during the second quarter. Canada Pension Plan Investment Board now owns 64,500 shares of the food distribution company’s stock worth $4,264,000 after acquiring an additional 63,400 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

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 sale, the insider now directly owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the completion of the transaction, the director now owns 10,184 shares in the company, valued at $749,644.24. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $7,426,075 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Performance Food Group Stock Up 0.8 %

PFGC opened at $77.62 on Tuesday. The business has a 50 day simple moving average of $70.65 and a 200-day simple moving average of $70.24. Performance Food Group has a 12 month low of $52.92 and a 12 month 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 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 issued its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.37 by $0.08. The company had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Truist Financial boosted their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Morgan Stanley dropped their target price on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, BMO Capital Markets boosted 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.38.

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.