Principal Financial Group Inc. trimmed its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 44.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,385 shares of the restaurant operator’s stock after selling 6,762 shares during the period. Principal Financial Group Inc.’s holdings in Performance Food Group were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Performance Food Group during the second quarter worth about $118,000. Pacad Investment Ltd. increased its position in shares of Performance Food Group by 880.0% during the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 4,400 shares in the last quarter. Strs Ohio increased its position in shares of Performance Food Group by 4,700.0% during the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Performance Food Group during the second quarter worth about $141,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Performance Food Group by 25.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after purchasing an additional 1,177 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

In related news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $28.25, for a total value of $141,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Craig Howard Hoskins sold 4,450 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.81, for a total value of $123,754.50. Following the completion of the transaction, the insider now owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. Insiders sold a total of 16,277,364 shares of company stock worth $467,703,842 in the last 90 days. 3.70% of the stock is currently owned by insiders.

A number of analysts have recently commented on the company. Zacks Investment Research cut Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Wells Fargo & Company upgraded Performance Food Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Loop Capital set a $35.00 target price on Performance Food Group and gave the stock a “buy” rating in a research report on Friday. Finally, TheStreet cut Performance Food Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.88.

Shares of Performance Food Group Company (NYSE PFGC) traded up $0.90 during mid-day trading on Friday, reaching $31.45. The company had a trading volume of 1,713,222 shares, compared to its average volume of 1,200,676. The firm has a market cap of $3,293.48, a PE ratio of 24.03, a PEG ratio of 1.21 and a beta of -0.21. Performance Food Group Company has a 1 year low of $21.70 and a 1 year high of $31.85. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Performance Food Group had a return on equity of 15.02% and a net margin of 0.62%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. equities research analysts predict that Performance Food Group Company will post 1.45 earnings per share for the current year.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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