Performance Food Group Company $PFGC Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Performance Food Group Company (NYSE:PFGC) by 32.7% during the 1st quarter, Holdings Channel reports. The firm owned 2,514,963 shares of the food distribution company’s stock after purchasing an additional 619,572 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Performance Food Group were worth $215,418,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PFGC. Capital World Investors raised its position in shares of Performance Food Group by 1.0% in the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after buying an additional 216,720 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after purchasing an additional 1,964,799 shares during the period. Geode Capital Management LLC lifted its stake in shares of Performance Food Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock worth $252,207,000 after purchasing an additional 36,031 shares during the period. Eminence Capital LP boosted its holdings in shares of Performance Food Group by 60.5% during the fourth quarter. Eminence Capital LP now owns 2,647,353 shares of the food distribution company’s stock worth $238,050,000 after purchasing an additional 998,249 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Performance Food Group by 79.1% during the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after purchasing an additional 1,168,869 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PFGC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. TD Cowen assumed coverage on Performance Food Group in a research note on Tuesday, July 7th. They issued a “buy” rating and a $128.00 price target on the stock. Citigroup raised their price target on Performance Food Group from $135.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Finally, Barclays increased their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.82.

Performance Food Group Price Performance

PFGC stock opened at $110.23 on Friday. The company has a market cap of $17.32 billion, a PE ratio of 52.49, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $104.37 and a two-hundred day moving average price of $95.75. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $116.42.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. As a group, research analysts predict that Performance Food Group Company will post 4.57 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In related news, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the completion of the sale, the insider directly owned 44,655 shares of the company’s stock, valued at approximately $4,221,683.70. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly Grant sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the sale, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This represents a 17.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,187 shares of company stock valued at $3,027,315 in the last quarter. Company insiders own 4.50% of the company’s stock.

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.