State of Wyoming Purchases 9,354 Shares of Performance Food Group Company $PFGC

State of Wyoming grew its position in shares of Performance Food Group Company (NYSE:PFGC) by 315.1% in the 4th quarter, HoldingsChannel reports. The fund owned 12,323 shares of the food distribution company’s stock after buying an additional 9,354 shares during the period. State of Wyoming’s holdings in Performance Food Group were worth $1,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of Performance Food Group by 9.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock valued at $125,972,000 after acquiring an additional 121,202 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $1,798,000. Catalyst Capital Advisors LLC bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $587,000. Norges Bank bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $208,170,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $81,020,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 0.3%

Shares of Performance Food Group stock opened at $96.47 on Thursday. The stock has a fifty day simple moving average of $90.81 and a 200 day simple moving average of $92.08. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $109.05. The company has a market capitalization of $15.15 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. Performance Food Group’s revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Performance Food Group news, insider Erika T. Davis sold 1,750 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total value of $166,250.00. Following the transaction, the insider owned 44,791 shares of the company’s stock, valued at approximately $4,255,145. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimberly Grant sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the director directly owned 11,935 shares in the company, valued at approximately $1,133,825. This represents a 17.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,891 shares of company stock worth $1,232,460 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PFGC. Barclays boosted their price objective on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. UBS Group decreased their price target on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Finally, Morgan Stanley decreased their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group 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.