Catalyst Capital Advisors LLC purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,526 shares of the food distribution company’s stock, valued at approximately $587,000.
A number of other large investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in Performance Food Group by 1.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after buying an additional 113 shares during the last quarter. US Bancorp DE lifted its position in shares of Performance Food Group by 4.6% in the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after buying an additional 144 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock worth $243,000 after buying an additional 173 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Performance Food Group by 0.8% in the second quarter. Orion Porfolio Solutions LLC now owns 24,960 shares of the food distribution company’s stock worth $2,183,000 after buying an additional 189 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Performance Food Group by 8.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,385 shares of the food distribution company’s stock worth $214,000 after buying an additional 190 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the transaction, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This represents a 17.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika T. Davis sold 1,750 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total transaction of $166,250.00. Following the transaction, the insider directly owned 44,791 shares of the company’s stock, valued at $4,255,145. This represents a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 7,250 shares of company stock valued at $687,370. Insiders own 4.50% of the company’s stock.
Performance Food Group Stock Up 1.2%
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities research analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Citigroup boosted their price target on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Finally, Barclays boosted their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and an average price target of $119.00.
Get Our Latest Analysis on PFGC
About Performance Food Group
Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.
Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.
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