Engineers Gate Manager LP increased its position in Performance Food Group Company (NYSE:PFGC – Free Report) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 401,342 shares of the food distribution company’s stock after buying an additional 6,904 shares during the period. Engineers Gate Manager LP’s holdings in Performance Food Group were worth $36,089,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Performance Food Group by 1.0% in the 3rd 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 period. Arax Advisory Partners raised its position in shares of Performance Food Group by 7.4% in the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after buying an additional 140 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Performance Food Group by 16.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after buying an additional 143 shares during the period. US Bancorp DE raised its position in shares of Performance Food Group by 4.6% in the 3rd 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 period. Finally, Cornerstone Wealth Management LLC raised its position in shares of Performance Food Group by 6.8% in the 4th 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 period. 96.87% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Erika T. Davis sold 1,750 shares of Performance Food Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $183,750.00. Following the sale, the insider directly owned 43,041 shares of the company’s stock, valued at approximately $4,519,305. The trade was a 3.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider A Brent King sold 6,111 shares of Performance Food Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total value of $641,655.00. Following the sale, the insider directly owned 44,260 shares in the company, valued at approximately $4,647,300. The trade was a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,592 shares of company stock valued at $2,741,865 in the last three months. 4.50% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Performance Food Group
Performance Food Group Trading Down 1.2%
NYSE:PFGC opened at $103.23 on Thursday. The business’s 50-day moving average is $94.09 and its two-hundred day moving average is $92.48. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. The firm has a market capitalization of $16.22 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93.
Performance Food Group (NYSE:PFGC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. Research analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.
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.
See Also
- Five stocks we like better than Performance Food Group
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group Company (NYSE:PFGC – Free Report).
Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.
