Performance Food Group (NYSE:PFGC) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in Performance Food Group (NYSE:PFGC) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,659 shares of the food distribution company’s stock after selling 1,203 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Performance Food Group were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc grew its stake in shares of Performance Food Group by 79.3% in the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company’s stock valued at $2,180,000 after buying an additional 12,919 shares during the period. Assenagon Asset Management S.A. purchased a new position in Performance Food Group in the second quarter worth approximately $6,843,000. BNP Paribas acquired a new stake in Performance Food Group during the first quarter worth $1,251,000. Capstone Investment Advisors LLC purchased a new stake in Performance Food Group in the first quarter valued at $1,030,000. Finally, Magnetar Financial LLC acquired a new position in shares of Performance Food Group in the 1st quarter valued at $1,913,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred 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 completion of 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 through this hyperlink. In related news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the transaction, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock worth $7,426,075 in the last quarter. 2.60% of the stock is owned by insiders.

Performance Food Group Stock Down 0.2 %

Shares of NYSE PFGC opened at $77.44 on Wednesday. The business’s fifty day simple moving average is $70.91 and its 200-day simple moving average is $70.25. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The stock has a market cap of $12.05 billion, a P/E ratio of 28.90, a PEG ratio of 0.82 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data 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 return on equity of 17.03% and a net margin of 0.75%. The business had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Performance Food Group will post 4.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PFGC has been the topic of several research 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. Jefferies Financial Group boosted their price target on shares of Performance Food Group from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered their price objective on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Wells Fargo & Company boosted their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.38.

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.