Performance Food Group Co (PFGC) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in shares of Performance Food Group Co (NYSE:PFGC) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,088 shares of the food distribution company’s stock after acquiring an additional 5,420 shares during the period. Legal & General Group Plc owned about 0.08% of Performance Food Group worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC grew its position in Performance Food Group by 8.3% during the 4th quarter. Stone Ridge Asset Management LLC now owns 74,522 shares of the food distribution company’s stock worth $2,405,000 after purchasing an additional 5,700 shares in the last quarter. Citigroup Inc. lifted its position in Performance Food Group by 76.2% during the 4th quarter. Citigroup Inc. now owns 33,159 shares of the food distribution company’s stock worth $1,070,000 after acquiring an additional 14,335 shares during the last quarter. First Trust Advisors LP lifted its position in Performance Food Group by 285.8% during the 4th quarter. First Trust Advisors LP now owns 157,091 shares of the food distribution company’s stock worth $5,069,000 after acquiring an additional 116,375 shares during the last quarter. Chicago Equity Partners LLC lifted its position in Performance Food Group by 21.2% during the 4th quarter. Chicago Equity Partners LLC now owns 142,895 shares of the food distribution company’s stock worth $4,611,000 after acquiring an additional 24,955 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Performance Food Group by 3.6% during the third quarter. Vanguard Group Inc. now owns 8,877,421 shares of the food distribution company’s stock valued at $295,618,000 after buying an additional 304,740 shares during the last quarter. 96.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Wells Fargo & Co reiterated a “buy” rating on shares of Performance Food Group in a research report on Friday, January 11th. Citigroup initiated coverage on shares of Performance Food Group in a research report on Friday, December 21st. They set a “buy” rating and a $40.00 target price on the stock. Pivotal Research restated a “hold” rating and issued a $37.00 price objective on shares of Performance Food Group in a report on Thursday, February 7th. Finally, Zacks Investment Research lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Performance Food Group has a consensus rating of “Buy” and an average price target of $39.17.

In related news, insider Craig Howard Hoskins sold 10,709 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $39.86, for a total transaction of $426,860.74. Following the completion of the transaction, the insider now owns 97,529 shares in the company, valued at $3,887,505.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $39.71, for a total transaction of $277,970.00. Following the transaction, the insider now owns 169,456 shares of the company’s stock, valued at approximately $6,729,097.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,609 shares of company stock worth $737,672. Corporate insiders own 3.80% of the company’s stock.

PFGC opened at $40.69 on Wednesday. Performance Food Group Co has a fifty-two week low of $28.05 and a fifty-two week high of $40.80. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.79 and a current ratio of 1.57. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.70.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 6th. The food distribution company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Performance Food Group had a net margin of 0.94% and a return on equity of 15.39%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that Performance Food Group Co will post 1.81 EPS for the current fiscal year.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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

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