WINTON GROUP Ltd Takes Position in Performance Food Group Company $PFGC

WINTON GROUP Ltd acquired a new position in Performance Food Group Company (NYSE:PFGC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,733 shares of the food distribution company’s stock, valued at approximately $7,460,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PFGC. Engineers Gate Manager LP grew its position in Performance Food Group by 77.2% during the second quarter. Engineers Gate Manager LP now owns 384,143 shares of the food distribution company’s stock valued at $42,943,000 after buying an additional 167,361 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of Performance Food Group by 10.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,630 shares of the food distribution company’s stock worth $294,000 after acquiring an additional 258 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Performance Food Group by 337.1% during the 2nd quarter. NewEdge Advisors LLC now owns 2,710 shares of the food distribution company’s stock valued at $303,000 after acquiring an additional 2,090 shares during the period. Allworth Financial LP increased its stake in shares of Performance Food Group by 32.5% in the 2nd quarter. Allworth Financial LP now owns 2,462 shares of the food distribution company’s stock worth $275,000 after purchasing an additional 604 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Performance Food Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 43,348 shares of the food distribution company’s stock worth $4,846,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other news, insider Hugh Hatcher sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $99.18, for a total value of $297,540.00. Following the transaction, the insider owned 58,167 shares of the company’s stock, valued at approximately $5,769,003.06. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 1,320 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $138,982.80. Following the transaction, the insider owned 40,402 shares of the company’s stock, valued at approximately $4,253,926.58. This represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 50,910 shares of company stock worth $5,335,910. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PFGC. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $133.00 target price on shares of Performance Food Group in a research report on Thursday, August 13th. Wells Fargo & Company raised their price objective on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Guggenheim lifted their price objective on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $95.52 on Thursday. The stock’s 50-day simple moving average is $108.41 and its 200-day simple moving average is $98.75. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $117.47. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 1.24 and a beta of 0.88. 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 released 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). The business had revenue of $18.03 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, analysts expect that Performance Food Group Company will post 5.6 earnings per share for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE:PFGC) is a food and food-related products distributor serving businesses across the United States and Canada. The company supplies restaurants, foodservice operators, schools, healthcare facilities, hospitality businesses, vending and entertainment venues, and convenience stores.

Performance Food Group operates through three primary businesses: Foodservice, Vistar and Convenience. Its offerings include fresh and frozen foods, dry groceries, beverages, ingredients, disposable supplies, and specialty products such as candy, snacks and theater concessions.