Schwab Charles Investment Management Inc. Purchases 101,670 Shares of Performance Food Group Company (PFGC)

Schwab Charles Investment Management Inc. increased its position in Performance Food Group Company (NYSE:PFGC) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,876 shares of the restaurant operator’s stock after purchasing an additional 101,670 shares during the period. Schwab Charles Investment Management Inc. owned 0.57% of Performance Food Group worth $16,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFGC. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group in the second quarter worth $118,000. Pacad Investment Ltd. grew its stake in shares of Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 4,400 shares during the last quarter. Strs Ohio grew its stake in shares of Performance Food Group by 4,700.0% in the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 4,700 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Performance Food Group in the second quarter worth $141,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Performance Food Group by 25.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 1,177 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Company (PFGC) opened at $32.25 on Friday. Performance Food Group Company has a 1-year low of $21.70 and a 1-year high of $32.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. The firm has a market capitalization of $3,327.49, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.22 and a beta of -0.21.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a return on equity of 15.02% and a net margin of 0.62%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. Performance Food Group’s revenue was up 7.9% on a year-over-year basis. equities research analysts forecast that Performance Food Group Company will post 1.45 EPS for the current year.

A number of research analysts have recently issued reports on PFGC shares. TheStreet raised Performance Food Group from a “c” rating to a “b-” rating in a report on Monday, October 2nd. BidaskClub raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, October 5th. Guggenheim reaffirmed a “buy” rating and set a $33.00 price target (up from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. Finally, Loop Capital set a $35.00 price target on Performance Food Group and gave the company a “buy” rating in a report on Friday, December 15th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.25.

In other Performance Food Group news, insider Craig Howard Hoskins sold 4,450 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $27.81, for a total value of $123,754.50. Following the transaction, the insider now owns 175,993 shares of the company’s stock, valued at $4,894,365.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $29.68, for a total value of $186,180,087.52. The disclosure for this sale can be found here. In the last three months, insiders sold 11,277,364 shares of company stock worth $326,453,842. 3.70% of the stock is owned by corporate insiders.

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Performance Food Group Company Profile

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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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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