Performance Food Group Company (NYSE:PFGC) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its holdings in Performance Food Group Company (NYSE:PFGC) by 44.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 162,172 shares of the food distribution company’s stock after selling 128,306 shares during the quarter. Artemis Investment Management LLP’s holdings in Performance Food Group were worth $12,752,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. raised its position in shares of Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock valued at $330,625,000 after acquiring an additional 2,371,818 shares in the last quarter. Norges Bank acquired a new stake in shares of Performance Food Group during the 4th quarter valued at approximately $164,471,000. Junto Capital Management LP raised its position in shares of Performance Food Group by 419.9% during the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company’s stock valued at $118,884,000 after acquiring an additional 1,135,641 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Performance Food Group by 30.9% during the 4th quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company’s stock valued at $178,506,000 after acquiring an additional 498,554 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Performance Food Group during the 4th quarter valued at approximately $35,250,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Transactions at Performance Food Group

In related news, insider A Brent King sold 12,866 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the completion of the transaction, the insider now owns 60,952 shares of the company’s stock, valued at $5,486,899.04. This trade represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the transaction, the insider now directly owns 51,350 shares of the company’s stock, valued at $4,621,500. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,972 shares of company stock valued at $5,964,073. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PFGC. Morgan Stanley upped their price target on Performance Food Group from $92.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an “overweight” rating in a research report on Thursday, May 29th. Barclays increased their target price on Performance Food Group from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, May 29th. UBS Group increased their target price on Performance Food Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Wall Street Zen raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average target price of $100.08.

Performance Food Group Trading Up 1.5%

NYSE:PFGC opened at $87.50 on Friday. Performance Food Group Company has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.42 and a beta of 1.18. The business has a fifty day moving average of $85.21 and a 200-day moving average of $83.56. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same period in the previous year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current year.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.