Creative Planning Has $763,000 Stake in Performance Food Group (NYSE:PFGC)

Creative Planning grew its holdings in Performance Food Group (NYSE:PFGC) by 102.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,544 shares of the food distribution company’s stock after buying an additional 5,849 shares during the period. Creative Planning’s holdings in Performance Food Group were worth $763,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Performance Food Group in the 1st quarter valued at $29,000. Innealta Capital LLC bought a new stake in Performance Food Group in the 2nd quarter valued at $30,000. Mather Group LLC. bought a new stake in Performance Food Group in the 1st quarter valued at $44,000. GAMMA Investing LLC boosted its stake in 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 during the period. Finally, International Assets Investment Management LLC bought a new stake in Performance Food Group in the 2nd quarter valued at $105,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Price Performance

Performance Food Group stock opened at $81.24 on Friday. 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 52 week low of $52.92 and a 52 week high of $81.32. The stock has a market capitalization of $12.64 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.45. The stock has a fifty day moving average of $74.08 and a 200-day moving average of $70.56.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping 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 company had revenue of $15.20 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. Performance Food Group’s revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the company’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 completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 162,987 shares of the company’s stock, valued at $12,152,310.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider George L. Holm sold 63,500 shares of the firm’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 transaction, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets upped their target price on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, August 15th. Wells Fargo & Company upped their target price on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays upped their target price on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.63.

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.