Performance Food Group (NYSE:PFGC) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in Performance Food Group (NYSE:PFGC) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,088 shares of the food distribution company’s stock after purchasing an additional 160 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Performance Food Group were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Performance Food Group in the 1st quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group during the 2nd quarter worth $30,000. Mather Group LLC. acquired a new position in shares of Performance Food Group during the 1st quarter worth $44,000. GAMMA Investing LLC increased its holdings in shares of Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at about $105,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 0.5 %

Performance Food Group stock opened at $78.43 on Wednesday. The stock has a 50-day moving average price of $73.13 and a 200 day moving average price of $70.40. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $79.59. The stock has a market cap of $12.20 billion, a PE ratio of 29.29, a P/E/G ratio of 0.86 and a beta of 1.45. 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 (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 analysts’ consensus estimates of $1.37 by $0.08. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The business had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PFGC. Truist Financial upped their target price 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. Wells Fargo & Company raised their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley dropped their price target on 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. Finally, StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insiders Place Their Bets

In other news, insider George L. Holm sold 63,500 shares of Performance Food Group 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 completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Scott E. Mcpherson sold 25,000 shares of the company’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 transaction of $1,866,000.00. Following the completion of the transaction, the insider now owns 149,863 shares of the company’s stock, valued at approximately $11,185,774.32. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 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 completion of the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $7,426,075 in the last quarter. 2.60% of the stock is currently owned by company insiders.

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.