Performance Food Group Company (NYSE:PFGC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 746.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,178 shares of the food distribution company's stock after purchasing an additional 9,857 shares during the period. SG Americas Securities LLC's holdings in Performance Food Group were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HighPoint Advisor Group LLC grew its stake in Performance Food Group by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after buying an additional 121 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after acquiring an additional 130 shares during the period. M&T Bank Corp grew its position in shares of Performance Food Group by 1.1% during the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock worth $1,597,000 after acquiring an additional 213 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after acquiring an additional 226 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Performance Food Group by 72.6% in the 4th quarter. Blue Trust Inc. now owns 566 shares of the food distribution company's stock valued at $48,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Insider Activity

In related news, insider Donald S. Bulmer sold 2,404 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the sale, the insider now directly owns 51,350 shares in the company, valued at $4,621,500. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika T. Davis sold 8,200 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the completion of the sale, the insider now directly owns 46,722 shares in the company, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,972 shares of company stock worth $5,964,073. Company insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Citigroup assumed coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They set a "buy" rating and a $121.00 target price for the company. Morgan Stanley boosted their price target on Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Truist Financial reduced their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $100.08.

Performance Food Group Price Performance

PFGC stock traded up $0.96 on Friday, reaching $85.95. 1,098,994 shares of the company's stock were exchanged, compared to its average volume of 1,113,427. The stock has a fifty day moving average of $84.12 and a 200-day moving average of $83.62. The firm has a market cap of $13.42 billion, a PE ratio of 35.81, a P/E/G ratio of 1.41 and a beta of 1.18. 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 Company has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly 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 return on equity of 16.17% and a net margin of 0.61%. The company had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. During the same period last year, the company earned $0.80 earnings per share. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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.