5,895 Shares of Performance Food Group Company $PFGC Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC purchased a new stake in Performance Food Group Company (NYSE:PFGC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,895 shares of the food distribution company’s stock, valued at approximately $539,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new position in Performance Food Group during the 2nd quarter worth $1,576,983,000. Corient Private Wealth LP acquired a new position in Performance Food Group in the 2nd quarter valued at $3,533,000. Engineers Gate Manager LP raised its holdings in Performance Food Group by 77.2% in the 2nd quarter. Engineers Gate Manager LP now owns 384,143 shares of the food distribution company’s stock valued at $42,943,000 after acquiring an additional 167,361 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Performance Food Group by 30.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock worth $4,408,000 after purchasing an additional 11,569 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Performance Food Group during the 2nd quarter worth $7,460,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PFGC has been the topic of several recent analyst reports. TD Cowen decreased their target price on shares of Performance Food Group from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a research report on Thursday, August 13th. Citigroup upped their target price on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley raised their target price on Performance Food Group from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.40.

Insider Activity

In other news, insider A. King sold 1,320 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $138,982.80. Following the completion of the transaction, the insider owned 44,216 shares of the company’s stock, valued at $4,655,502.64. This represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 1,353 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $142,457.37. Following the completion of the transaction, the insider owned 52,938 shares of the company’s stock, valued at approximately $5,573,842.02. This trade represents a 2.49% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,459 shares of company stock valued at $4,317,917. 4.50% of the stock is currently owned by company insiders.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $97.75 on Friday. Performance Food Group Company has a one year low of $80.82 and a one year high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.24 and a beta of 0.87. The firm has a 50 day simple moving average of $97.66 and a 200 day simple moving average of $99.44.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The company had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. Research analysts predict that Performance Food Group Company will post 5.60 earnings per share for the current fiscal year.

Performance Food Group Profile

Performance Food Group Co (NYSE:PFGC) is a foodservice and convenience distribution company headquartered in Richmond, Virginia. Through its operating businesses, the company supplies food and related products to restaurants, foodservice operators, convenience stores and other commercial customers across the United States and Canada.

PFGC’s foodservice operations distribute a broad selection of center-of-the-plate foods, fresh and frozen products, produce, beverages, disposables, cleaning supplies and other restaurant essentials.