PEAK6 LLC Purchases Shares of 107,963 Performance Food Group Company $PFGC

PEAK6 LLC acquired a new position in shares of Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 107,963 shares of the food distribution company’s stock, valued at approximately $12,069,000.

A number of other institutional investors also recently made changes to their positions in PFGC. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Performance Food Group during the second quarter worth approximately $405,000. Commerce Bank acquired a new stake in Performance Food Group during the 2nd quarter worth approximately $6,286,000. Pinnbrook Capital Management LP bought a new stake in Performance Food Group in the 2nd quarter valued at $12,856,000. Northwestern Mutual Wealth Management Co. acquired a new position in Performance Food Group in the 2nd quarter valued at $835,000. Finally, Callan Family Office LLC acquired a new position in Performance Food Group in the 2nd quarter valued at $449,000. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup increased their price objective on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Barclays upped their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Finally, TD Cowen dropped their price objective on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.90.

Insider Transactions at Performance Food Group

In related news, insider Erika T. Davis sold 2,595 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $110.00, for a total value of $285,450.00. Following the completion of the sale, the insider directly owned 40,446 shares in the company, valued at $4,449,060. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chasity D. Grosh sold 838 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $104.64, for a total value of $87,688.32. Following the transaction, the insider owned 8,142 shares of the company’s stock, valued at $851,978.88. This trade represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,583 shares of company stock worth $2,913,872. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Price Performance

Performance Food Group stock opened at $104.99 on Monday. The firm has a market cap of $16.54 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock’s fifty day moving average price is $110.09 and its two-hundred day moving average price is $98.26. Performance Food Group Company has a one year low of $80.82 and a one year high of $117.47.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The firm had revenue of $18.03 billion for the quarter, compared to analyst estimates of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, research analysts expect that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

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.