Jupiter Topco LLC Acquires New Shares in Performance Food Group Company $PFGC

Jupiter Topco LLC bought a new position in shares of Performance Food Group Company (NYSE:PFGC) during the 2nd quarter, HoldingsChannel reports. The firm bought 70,376 shares of the food distribution company’s stock, valued at approximately $7,863,000.

A number of other institutional investors have also added to or reduced their stakes in PFGC. Cedar Mountain Advisors LLC bought a new position in shares of Performance Food Group during the first quarter valued at approximately $28,000. Asset Planning Inc purchased a new stake in Performance Food Group during the first quarter worth $35,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Performance Food Group during the second quarter worth $51,000. Lloyd Advisory Services LLC. bought a new stake in Performance Food Group during the 4th quarter valued at $43,000. Finally, Clearstead Advisors LLC boosted its position in Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after acquiring an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider A Brent King sold 8,023 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $104.21, for a total value of $836,076.83. Following the sale, the insider owned 47,800 shares in the company, valued at $4,981,238. This represents a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald S. Bulmer sold 10,535 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the transaction, the insider directly owned 54,291 shares of the company’s stock, valued at approximately $5,749,416.90. This trade represents a 16.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 54,750 shares of company stock valued at $5,722,370. 4.50% of the stock is owned by insiders.

Performance Food Group Stock Down 0.1%

Performance Food Group stock opened at $100.78 on Monday. The business’s 50-day simple moving average is $110.04 and its two-hundred day simple moving average is $98.63. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51. The company has a market cap of $15.88 billion, a PE ratio of 44.01, a PEG ratio of 1.30 and a beta of 0.91. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). The firm had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Equities analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on PFGC. BMO Capital Markets reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Citigroup raised their price objective on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Barclays boosted their target price 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $133.00 price target on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, TD Cowen lowered their price target on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.90.

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.