Bain Capital Public Equity Management II LLC Sells 1,778,255 Shares of Performance Food Group Company $PFGC

Bain Capital Public Equity Management II LLC decreased its position in shares of Performance Food Group Company (NYSE:PFGC) by 91.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,802 shares of the food distribution company’s stock after selling 1,778,255 shares during the quarter. Performance Food Group makes up approximately 24.2% of Bain Capital Public Equity Management II LLC’s holdings, making the stock its 3rd largest holding. Bain Capital Public Equity Management II LLC’s holdings in Performance Food Group were worth $14,999,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. acquired a new position in shares of Performance Food Group in the 4th quarter valued at $43,000. Clearstead Advisors LLC lifted its stake in shares of Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after purchasing an additional 335 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 537 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Citigroup increased their price target on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays increased their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Price Performance

PFGC opened at $104.13 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. The company has a fifty day simple moving average of $93.33 and a 200 day simple moving average of $92.37. The stock has a market cap of $16.36 billion, a P/E ratio of 49.59, a P/E/G ratio of 1.63 and a beta of 0.93.

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, beating analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Performance Food Group Company will post 4.57 EPS for the current year.

Insider Activity

In related news, insider Erika T. Davis sold 1,750 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $183,750.00. Following the completion of the sale, the insider owned 43,041 shares in the company, valued at $4,519,305. This represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the completion of the sale, the insider owned 44,655 shares of the company’s stock, valued at approximately $4,221,683.70. This represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,592 shares of company stock worth $2,741,865 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

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.