American International Group Inc. Grows Stake in Performance Food Group Co (PFGC)

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American International Group Inc. boosted its stake in shares of Performance Food Group Co (NYSE:PFGC) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,074 shares of the restaurant operator’s stock after acquiring an additional 4,172 shares during the quarter. American International Group Inc. owned 0.06% of Performance Food Group worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PFGC. BlackRock Inc. boosted its holdings in Performance Food Group by 62.9% during the 4th quarter. BlackRock Inc. now owns 9,831,747 shares of the restaurant operator’s stock valued at $325,432,000 after acquiring an additional 3,797,407 shares during the period. Citadel Advisors LLC raised its position in Performance Food Group by 65.3% during the 4th quarter. Citadel Advisors LLC now owns 2,213,262 shares of the restaurant operator’s stock valued at $73,259,000 after purchasing an additional 874,348 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in Performance Food Group by 54.4% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,224,415 shares of the restaurant operator’s stock valued at $40,528,000 after purchasing an additional 431,335 shares during the last quarter. Victory Capital Management Inc. raised its position in Performance Food Group by 10.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,186,365 shares of the restaurant operator’s stock valued at $124,963,000 after purchasing an additional 388,992 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Performance Food Group by 82.7% during the 4th quarter. Deutsche Bank AG now owns 763,857 shares of the restaurant operator’s stock valued at $25,281,000 after purchasing an additional 345,656 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

A number of research analysts have commented on the company. Pivotal Research reaffirmed a “hold” rating and set a $31.00 price target on shares of Performance Food Group in a research report on Thursday, May 10th. Zacks Investment Research raised Performance Food Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Jefferies Financial Group assumed coverage on Performance Food Group in a research report on Friday, June 8th. They set a “hold” rating and a $38.00 price target for the company. Loop Capital set a $43.00 price target on Performance Food Group and gave the company a “buy” rating in a research report on Thursday, May 10th. Finally, Credit Suisse Group assumed coverage on Performance Food Group in a research report on Tuesday, April 17th. They set an “outperform” rating and a $36.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Performance Food Group presently has a consensus rating of “Buy” and a consensus target price of $35.67.

In other news, insider Terry A. West sold 4,656 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $34.97, for a total value of $162,820.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carol A. O’connell sold 113,568 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $34.32, for a total value of $3,897,653.76. Following the completion of the transaction, the insider now owns 142,378 shares in the company, valued at $4,886,412.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,479 shares of company stock worth $5,481,156. Company insiders own 3.70% of the company’s stock.

Performance Food Group traded up $0.60, reaching $37.60, on Friday, Marketbeat Ratings reports. 22,062 shares of the company traded hands, compared to its average volume of 524,298. Performance Food Group Co has a one year low of $25.40 and a one year high of $37.45. The company has a quick ratio of 0.78, a current ratio of 1.51 and a debt-to-equity ratio of 1.17. The firm has a market cap of $3.87 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.19 and a beta of 0.35.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 9th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Performance Food Group had a return on equity of 15.76% and a net margin of 1.00%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. research analysts expect that Performance Food Group Co will post 1.6 earnings per share for the current fiscal year.

About Performance Food Group

Performance Food Group Co engages in the market and distribution of food products. It operates its business through the following segments: Performance Foodservice; PFG Customized; Vistar; and Corporate and All Other. The Performance Foodservice segment offers beef, pork, poultry, and seafood, frozen foods, refrigerated products; dry groceries to disposables; cleaning and kitchen supplies; and related products used by its customers.

Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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