Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Position in Performance Food Group Company $PFGC

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 29,596 shares of the food distribution company’s stock, valued at approximately $2,661,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PFGC. Root Financial Partners LLC purchased a new position in shares of Performance Food Group during the third quarter valued at about $39,000. Torren Management LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at about $41,000. EverSource Wealth Advisors LLC increased its position in shares of Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Performance Food Group by 55.4% during the third quarter. Parkside Financial Bank & Trust now owns 564 shares of the food distribution company’s stock valued at $59,000 after buying an additional 201 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at about $62,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PFGC shares. Barclays boosted their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Finally, Citigroup boosted their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Insider Activity

In other news, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total value of $283,620.00. Following the transaction, the insider owned 44,655 shares in the company, valued at approximately $4,221,683.70. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Trading Up 0.8%

NYSE:PFGC opened at $94.66 on Thursday. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The company’s 50-day simple moving average is $88.76 and its 200 day simple moving average is $92.14. The firm has a market capitalization of $14.87 billion, a P/E ratio of 45.08, a PEG ratio of 1.47 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $16.17 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Performance Food Group’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

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.