Point72 DIFC Ltd Has $2.60 Million Holdings in Performance Food Group (NYSE:PFGC)

Point72 DIFC Ltd grew its position in Performance Food Group (NYSE:PFGC) by 276.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,350 shares of the food distribution company’s stock after buying an additional 28,893 shares during the quarter. Point72 DIFC Ltd’s holdings in Performance Food Group were worth $2,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Performance Food Group in the 1st quarter worth about $29,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group in the second quarter worth approximately $30,000. Mather Group LLC. purchased a new stake in shares of Performance Food Group in the first quarter worth approximately $44,000. GAMMA Investing LLC boosted its holdings in shares of Performance Food Group by 65.2% during the second quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 349 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Performance Food Group during the second quarter valued at approximately $105,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $77.62 on Tuesday. The business has a fifty day moving average of $70.65 and a 200-day moving average of $70.24. 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 has a twelve month low of $52.92 and a twelve month high of $78.54. The firm has a market cap of $12.08 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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 analysts’ expectations of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. On average, equities research analysts predict that Performance Food Group will post 4.87 EPS for the current fiscal year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated Monday, August 19th. The stock was 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. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 149,863 shares in the company, valued at approximately $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 ninety days. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

PFGC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company lifted their price objective 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. Barclays upped their target price on Performance Food Group from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Jefferies Financial Group lifted their price target on Performance Food Group from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Morgan Stanley dropped their price objective on 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 issued a buy rating to the stock. According to MarketBeat, the company presently 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.