Farther Finance Advisors LLC Acquires 644 Shares of Performance Food Group (NYSE:PFGC)

Farther Finance Advisors LLC boosted its holdings in Performance Food Group (NYSE:PFGC) by 260.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 891 shares of the food distribution company’s stock after acquiring an additional 644 shares during the quarter. Farther Finance Advisors LLC’s holdings in Performance Food Group were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Primecap Management Co. CA lifted its holdings in shares of Performance Food Group by 223.4% in the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after purchasing an additional 1,122,676 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after acquiring an additional 469,500 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after acquiring an additional 372,218 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Performance Food Group by 166.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 275,466 shares of the food distribution company’s stock worth $21,588,000 after acquiring an additional 171,953 shares in the last quarter. Finally, Eminence Capital LP raised its holdings in shares of Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after purchasing an additional 164,472 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider George L. Holm sold 63,500 shares of Performance Food Group 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 directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the transaction, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,500 shares of company stock valued at $7,426,075. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PFGC shares. BMO Capital Markets upped their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays boosted their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $86.09 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Performance Food Group has a 12 month low of $60.59 and a 12 month high of $89.00. The stock has a market capitalization of $13.41 billion, a P/E ratio of 31.96, a PEG ratio of 0.87 and a beta of 1.44. The firm’s 50 day moving average is $79.08 and its 200 day moving average is $72.32.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the company posted $1.15 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Performance Food Group will post 4.71 earnings per share for the current year.

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.