184,461 Shares in Performance Food Group Company $PFGC Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in Performance Food Group Company (NYSE:PFGC) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 184,461 shares of the food distribution company’s stock, valued at approximately $15,801,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Torren Management LLC acquired a new position in Performance Food Group during the 4th quarter worth $41,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group in the 4th quarter valued at about $43,000. Clearstead Advisors LLC lifted its position in shares of Performance Food Group by 132.9% during the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after purchasing an additional 335 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 537 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Performance Food Group in the fourth quarter worth about $62,000. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Up 1.8%

PFGC stock opened at $106.22 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The firm has a market capitalization of $16.69 billion, a P/E ratio of 50.58, a P/E/G ratio of 1.63 and a beta of 0.93. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05. The company’s 50 day simple moving average is $95.75 and its 200-day simple moving average is $92.82.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. Performance Food Group’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. As a group, equities research analysts anticipate that Performance Food Group Company will post 4.57 EPS for the current year.

Insider Buying and Selling

In other news, Director Kimberly Grant sold 2,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This represents a 17.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider A Brent King sold 6,111 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the completion of the transaction, the insider directly owned 44,260 shares in the company, valued at $4,647,300. The trade was a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,592 shares of company stock valued at $2,741,865 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PFGC has been the subject of several research analyst reports. Barclays boosted their price objective on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Citigroup upped their price target on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Performance Food Group 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.