Performance Food Group Company $PFGC Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC bought a new position in shares of Performance Food Group Company (NYSE:PFGC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,195 shares of the food distribution company’s stock, valued at approximately $567,000.

Several other large investors have also recently bought and sold shares of PFGC. Root Financial Partners LLC acquired a new position in shares of Performance Food Group during the 3rd quarter worth approximately $84,000. Nisa Investment Advisors LLC raised its stake in shares of Performance Food Group by 71.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the food distribution company’s stock worth $397,000 after purchasing an additional 1,809 shares in the last quarter. Net Worth Advisory Group boosted its holdings in shares of Performance Food Group by 1.7% in the 3rd quarter. Net Worth Advisory Group now owns 7,691 shares of the food distribution company’s stock valued at $706,000 after buying an additional 132 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Performance Food Group by 787.9% in the 3rd quarter. IFP Advisors Inc now owns 2,131 shares of the food distribution company’s stock valued at $195,000 after buying an additional 1,891 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Performance Food Group in the 3rd quarter valued at approximately $249,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Guggenheim upped their price target on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, TD Cowen decreased their price objective on shares of Performance Food Group from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Performance Food Group Stock Performance

PFGC opened at $94.63 on Friday. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $117.47. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 1.22 and a beta of 0.87. The business has a 50 day moving average of $96.39 and a 200-day moving average of $99.87. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.01). The business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities research analysts expect that Performance Food Group Company will post 5.58 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider A. King sold 1,320 shares of Performance Food Group stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the transaction, the insider directly owned 44,216 shares of the company’s stock, valued at $4,655,502.64. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 1,353 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $142,457.37. Following the completion of the transaction, the insider owned 52,938 shares in the company, valued at approximately $5,573,842.02. This represents a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 41,459 shares of company stock worth $4,317,917. 2.10% of the stock is currently owned by corporate insiders.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.