Performance Food Group Company $PFGC is Sunriver Management LLC’s 8th Largest Position

Sunriver Management LLC cut its holdings in Performance Food Group Company (NYSE:PFGC) by 29.3% during the 3rd quarter, Holdings Channel reports. The firm owned 463,141 shares of the food distribution company’s stock after selling 192,259 shares during the period. Performance Food Group makes up approximately 5.2% of Sunriver Management LLC’s investment portfolio, making the stock its 8th biggest position. Sunriver Management LLC’s holdings in Performance Food Group were worth $48,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Johnson Financial Group Inc. bought a new stake in shares of Performance Food Group in the 3rd quarter worth approximately $114,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Performance Food Group by 194.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 833,228 shares of the food distribution company’s stock valued at $86,689,000 after acquiring an additional 550,551 shares in the last quarter. Invesco Ltd. lifted its stake in Performance Food Group by 79.1% in the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after acquiring an additional 1,168,869 shares during the period. UBS Group AG boosted its holdings in Performance Food Group by 246.4% in the third quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock valued at $120,508,000 after acquiring an additional 823,882 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Performance Food Group by 14.8% during the 3rd quarter. Franklin Resources Inc. now owns 285,767 shares of the food distribution company’s stock valued at $29,731,000 after purchasing an additional 36,739 shares during the period. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In related news, insider Chasity D. Grosh sold 1,843 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the transaction, the insider directly owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded up $0.60 during trading on Friday, hitting $87.82. The company had a trading volume of 38,006 shares, compared to its average volume of 2,549,375. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $109.05. The firm has a market capitalization of $13.77 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The stock has a 50 day simple moving average of $93.42 and a 200 day simple moving average of $96.82.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Barclays decreased their target price on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Zacks Research cut shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. UBS Group decreased their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.44.

Performance Food Group Company 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.