Close Asset Management Ltd Buys 108,342 Shares of Performance Food Group Company (NYSE:PFGC)

Close Asset Management Ltd raised its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,763,275 shares of the food distribution company's stock after acquiring an additional 108,342 shares during the period. Performance Food Group makes up about 4.0% of Close Asset Management Ltd's investment portfolio, making the stock its 9th largest position. Close Asset Management Ltd owned 1.13% of Performance Food Group worth $138,690,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Performance Food Group during the first quarter valued at $5,952,000. Savoir Faire Capital Management L.P. bought a new position in shares of Performance Food Group in the first quarter worth about $2,864,000. Jennison Associates LLC grew its holdings in shares of Performance Food Group by 1.2% in the first quarter. Jennison Associates LLC now owns 1,688,091 shares of the food distribution company's stock worth $132,735,000 after purchasing an additional 20,400 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Performance Food Group by 59.3% in the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after purchasing an additional 2,318,763 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Performance Food Group by 5.7% in the first quarter. Larson Financial Group LLC now owns 43,807 shares of the food distribution company's stock worth $3,445,000 after purchasing an additional 2,361 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 14,285 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the completion of the sale, the insider directly owned 138,008 shares of the company's stock, valued at approximately $11,551,269.60. This represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald S. Bulmer sold 2,404 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the sale, the insider directly owned 51,350 shares of the company's stock, valued at approximately $4,621,500. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,172 shares of company stock valued at $7,534,748. 2.80% of the stock is currently owned by corporate insiders.

Performance Food Group Stock Up 0.7%

NYSE:PFGC traded up $0.72 during mid-day trading on Friday, reaching $98.71. The company's stock had a trading volume of 942,686 shares, compared to its average volume of 1,688,584. The firm has a market capitalization of $15.41 billion, a PE ratio of 41.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The stock has a fifty day moving average of $89.77 and a 200-day moving average of $84.73. Performance Food Group Company has a 1 year low of $63.24 and a 1 year high of $101.05. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Equities research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PFGC. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. Citigroup began coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. UBS Group upped their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Wall Street Zen cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Barclays upped their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $100.31.

About Performance Food Group

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.