563 Shares in Performance Food Group Company $PFGC Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in shares of Performance Food Group Company (NYSE:PFGC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 563 shares of the food distribution company’s stock, valued at approximately $44,000.

Several other institutional investors have also made changes to their positions in PFGC. CENTRAL TRUST Co increased its position in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC boosted its stake in Performance Food Group by 203.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock worth $40,000 after purchasing an additional 334 shares in the last quarter. Signaturefd LLC boosted its stake in Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 314 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock worth $71,000 after purchasing an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Performance Food Group by 34,133.3% during the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company’s stock valued at $81,000 after acquiring an additional 1,024 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PFGC shares. Morgan Stanley upped their price objective on Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Barclays upped their price objective on Performance Food Group from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group reissued a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Performance Food Group in a research report on Thursday. Wells Fargo & Company set a $115.00 price objective on Performance Food Group and gave the company an “overweight” rating in a research report on Wednesday. Finally, Truist Financial increased their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 6,335 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $100.00, for a total transaction of $633,500.00. Following the sale, the insider owned 61,083 shares in the company, valued at $6,108,300. This represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald S. Bulmer sold 2,404 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.00, for a total value of $216,360.00. Following the sale, the insider owned 51,350 shares in the company, valued at approximately $4,621,500. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,059 shares of company stock valued at $5,861,405. 2.80% of the stock is currently owned by corporate insiders.

Performance Food Group Price Performance

Performance Food Group stock opened at $98.00 on Monday. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.11 and a beta of 1.20. The business’s 50 day simple moving average is $93.38 and its 200 day simple moving average is $85.87. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $103.50. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 earnings per share. Sell-side analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

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 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.