PEAK6 LLC bought a new stake in Performance Food Group Company (NYSE:PFGC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 107,963 shares of the food distribution company’s stock, valued at approximately $12,069,000. PEAK6 LLC owned about 0.07% of Performance Food Group as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group during the 1st quarter worth approximately $28,000. Asset Planning Inc acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $35,000. Torren Management LLC bought a new stake in shares of Performance Food Group in the fourth quarter worth $41,000. Lloyd Advisory Services LLC. acquired a new position in Performance Food Group during the fourth quarter worth $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Performance Food Group during the second quarter worth $51,000. Institutional investors own 96.87% of the company’s stock.
Insider Activity
In related news, insider A Brent King sold 1,529 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $104.64, for a total transaction of $159,994.56. Following the transaction, the insider directly owned 50,095 shares of the company’s stock, valued at approximately $5,241,940.80. The trade was a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chasity D. Grosh sold 838 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $104.64, for a total value of $87,688.32. Following the completion of the sale, the insider owned 8,142 shares in the company, valued at approximately $851,978.88. This trade represents a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,583 shares of company stock valued at $2,913,872 over the last three months. Insiders own 4.50% of the company’s stock.
Wall Street Analyst Weigh In
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Performance Food Group Stock Up 0.0%
Performance Food Group stock opened at $104.99 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The company’s 50-day moving average is $110.09 and its 200-day moving average is $98.26. The firm has a market capitalization of $16.54 billion, a PE ratio of 45.85, a P/E/G ratio of 1.35 and a beta of 0.91. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47.
Performance Food Group (NYSE:PFGC – Get Free Report) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The firm had revenue of $18.03 billion during the quarter, compared to analyst estimates of $18.11 billion. During the same quarter last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current 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.
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