Performance Food Group Company $PFGC Stake Boosted by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of Performance Food Group Company (NYSE:PFGC) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,089 shares of the food distribution company’s stock after buying an additional 27,585 shares during the period. Sei Investments Co.’s holdings in Performance Food Group were worth $23,307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Performance Food Group by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after buying an additional 121 shares during the period. HB Wealth Management LLC raised its holdings in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock valued at $285,000 after acquiring an additional 122 shares during the period. Arax Advisory Partners lifted 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 valued at $184,000 after acquiring an additional 140 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $91,000 after acquiring an additional 143 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in 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 purchasing an additional 173 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Performance Food Group

In related news, insider Erika T. Davis sold 2,595 shares of Performance Food Group stock in a transaction on Friday, June 26th. The shares were sold at an average price of $110.00, for a total value of $285,450.00. Following the completion of the sale, the insider owned 40,446 shares of the company’s stock, valued at approximately $4,449,060. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider A Brent King sold 6,111 shares of Performance Food Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $105.00, for a total transaction of $641,655.00. Following the completion of the sale, the insider directly owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 30,187 shares of company stock valued at $3,027,315. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Wednesday, June 24th. Citigroup lifted their target price on Performance Food Group from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Guggenheim upped their target price on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.82.

Performance Food Group Stock Up 1.2%

PFGC opened at $115.72 on Wednesday. The company has a market capitalization of $18.18 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The business has a 50-day moving average of $105.47 and a 200-day moving average of $96.32. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $116.71. 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 (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts forecast that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Performance Food Group Company Profile

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.