State of Wyoming Buys New Position in Performance Food Group Company $PFGC

State of Wyoming bought a new stake in Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 12,407 shares of the food distribution company’s stock, valued at approximately $1,387,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new position in shares of Performance Food Group in the first quarter valued at approximately $28,000. Asset Planning Inc purchased a new stake in Performance Food Group during the 1st quarter worth approximately $35,000. Torren Management LLC purchased a new stake in Performance Food Group during the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. acquired a new stake in Performance Food Group during the 4th quarter worth approximately $43,000. Finally, Clearstead Advisors LLC lifted its holdings in Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after buying an additional 335 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

Shares of PFGC opened at $107.07 on Friday. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The firm’s fifty day simple moving average is $109.79 and its 200-day simple moving average is $97.96. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 1.36 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The firm had revenue of $18.03 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Equities analysts forecast that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider A Brent King sold 6,111 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the completion of the transaction, the insider directly owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. This represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimberly Grant sold 2,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the director owned 11,935 shares in the company, valued at approximately $1,133,825. The trade was a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,187 shares of company stock valued at $2,743,695 in the last ninety days. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

PFGC has been the subject of several research reports. Weiss Ratings upgraded shares of Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Morgan Stanley lifted their target price on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Barclays upped their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup increased their price target on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $133.00 price objective on shares of Performance Food Group in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Performance Food Group 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.