85,190 Shares in Performance Food Group (NYSE:PFGC) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Performance Food Group (NYSE:PFGC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 85,190 shares of the food distribution company’s stock, valued at approximately $5,632,000. Edgestream Partners L.P. owned 0.05% of Performance Food Group as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Performance Food Group during the first quarter worth $29,000. Innealta Capital LLC acquired a new position in Performance Food Group during the 2nd quarter worth about $30,000. Mather Group LLC. purchased a new position in Performance Food Group during the 1st quarter valued at about $44,000. GAMMA Investing LLC grew its position in Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 349 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Performance Food Group during the fourth quarter worth about $87,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider George L. Holm sold 63,500 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the sale, the insider now owns 149,863 shares in the company, valued at $11,185,774.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares in the company, valued at $39,085,312.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,500 shares of company stock valued at $7,426,075. 2.60% of the stock is owned by corporate insiders.

Performance Food Group Stock Performance

NYSE:PFGC opened at $75.28 on Tuesday. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The firm has a market capitalization of $11.73 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The business’s fifty day moving average price is $69.31 and its 200 day moving average price is $70.25.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. On average, sell-side analysts anticipate that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Wells Fargo & Company increased their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Barclays increased their price target on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.38.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.