Bessemer Group Inc. maintained its stake in Performance Food Group Company (NYSE:PFGC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,200 shares of the restaurant operator’s stock at the end of the second quarter. Bessemer Group Inc. owned 0.06% of Performance Food Group worth $1,622,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of PFGC. FMR LLC boosted its stake in Performance Food Group by 344.4% in the first quarter. FMR LLC now owns 12,255,431 shares of the restaurant operator’s stock valued at $291,680,000 after buying an additional 9,497,642 shares in the last quarter. Wellington Management Group LLP bought a new stake in Performance Food Group during the first quarter valued at approximately $70,404,000. Vanguard Group Inc. boosted its stake in Performance Food Group by 56.9% in the first quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock valued at $137,588,000 after buying an additional 2,095,631 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Performance Food Group by 154.5% in the first quarter. Victory Capital Management Inc. now owns 1,788,521 shares of the restaurant operator’s stock valued at $42,567,000 after buying an additional 1,085,701 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Performance Food Group by 23.3% in the first quarter. JPMorgan Chase & Co. now owns 5,394,534 shares of the restaurant operator’s stock valued at $128,390,000 after buying an additional 1,020,537 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.
Shares of Performance Food Group Company (NYSE PFGC) opened at 27.00 on Friday. Performance Food Group Company has a 1-year low of $19.95 and a 1-year high of $29.25. The firm has a market capitalization of $2.80 billion, a PE ratio of 32.41 and a beta of -0.31. The firm has a 50-day moving average of $27.77 and a 200-day moving average of $25.61.
Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a return on equity of 13.92% and a net margin of 0.51%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the business earned $0.15 EPS. Performance Food Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Performance Food Group Company will post $1.26 EPS for the current fiscal year.
Several analysts recently commented on PFGC shares. Zacks Investment Research cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Loop Capital started coverage on shares of Performance Food Group in a report on Monday, May 15th. They set a “buy” rating and a $35.00 price target for the company. BidaskClub cut shares of Performance Food Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. BMO Capital Markets restated a “buy” rating and set a $28.00 price target on shares of Performance Food Group in a report on Thursday, May 4th. Finally, Guggenheim raised their price target on shares of Performance Food Group from $20.00 to $30.00 in a report on Friday, June 16th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.31.
In other Performance Food Group news, insider James D. Hope bought 2,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average cost of $27.85 per share, with a total value of $55,700.00. Following the purchase, the insider now owns 66,657 shares in the company, valued at $1,856,397.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George L. Holm sold 102,200 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total value of $2,885,106.00. Following the sale, the insider now directly owns 2,040,936 shares of the company’s stock, valued at $57,615,623.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,810,265 shares of company stock valued at $378,625,068. 3.50% of the stock is owned by company insiders.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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