Performance Food Group Company (NYSE:PFGC) Holdings Reduced by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,361,094 shares of the food distribution company's stock after selling 5,165 shares during the period. Performance Food Group accounts for about 1.0% of GW&K Investment Management LLC's holdings, making the stock its 7th biggest position. GW&K Investment Management LLC owned approximately 0.87% of Performance Food Group worth $107,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Performance Food Group by 59.3% during 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 acquiring an additional 2,318,763 shares during the period. Norges Bank bought a new stake in Performance Food Group during the fourth quarter worth $164,471,000. Junto Capital Management LP lifted its holdings in Performance Food Group by 419.9% during the fourth quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock worth $118,884,000 after acquiring an additional 1,135,641 shares during the period. Point72 Asset Management L.P. lifted its holdings in Performance Food Group by 30.9% during the fourth quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company's stock worth $178,506,000 after acquiring an additional 498,554 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in Performance Food Group in the fourth quarter worth $35,250,000. Institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC stock traded up $0.77 during mid-day trading on Tuesday, hitting $99.73. 1,181,565 shares of the stock were exchanged, compared to its average volume of 1,144,872. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. The business has a fifty day moving average price of $88.65 and a 200 day moving average price of $84.22. Performance Food Group Company has a 12 month low of $63.24 and a 12 month high of $100.46. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 1.39 and a beta of 1.15.

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

Insider Buying and Selling

In other Performance Food Group news, insider Erika T. Davis sold 8,200 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the completion of the sale, the insider owned 46,722 shares in the company, valued at approximately $4,191,897.84. This represents a 14.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the insider owned 35,239 shares of the company's stock, valued at approximately $3,347,705. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,172 shares of company stock worth $7,534,748 over the last three months. Corporate insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PFGC. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Barclays lifted their price target on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. UBS Group lifted their price target on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley lifted their price target on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and a consensus target price of $100.31.

Performance Food Group 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.