Macquarie Group Ltd. Acquires 7,797 Shares of Performance Food Group Co (PFGC)

Macquarie Group Ltd. boosted its holdings in shares of Performance Food Group Co (NYSE:PFGC) by 8.4% during the fourth quarter, HoldingsChannel reports. The firm owned 101,076 shares of the restaurant operator’s stock after acquiring an additional 7,797 shares during the period. Macquarie Group Ltd.’s holdings in Performance Food Group were worth $3,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PFGC. Public Employees Retirement Association of Colorado purchased a new stake in Performance Food Group during the fourth quarter valued at $103,000. Balter Liquid Alternatives LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $136,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Performance Food Group by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 1,478 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $255,000. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $258,000. 94.94% of the stock is currently owned by institutional investors.

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PFGC has been the topic of several recent analyst reports. TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a research note on Friday, December 29th. BMO Capital Markets reissued a “buy” rating and issued a $37.00 target price on shares of Performance Food Group in a research note on Wednesday, February 7th. Loop Capital set a $35.00 target price on shares of Performance Food Group and gave the company a “buy” rating in a research note on Friday, December 15th. Guggenheim reissued a “buy” rating and issued a $39.00 target price on shares of Performance Food Group in a research note on Sunday, January 28th. Finally, Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, December 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

In related news, insider Craig Howard Hoskins sold 12,533 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $30.49, for a total value of $382,131.17. Following the transaction, the insider now owns 149,744 shares of the company’s stock, valued at approximately $4,565,694.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

PFGC stock opened at $29.85 on Monday. The stock has a market capitalization of $3,104.40, a P/E ratio of 24.07, a P/E/G ratio of 0.89 and a beta of 0.26. Performance Food Group Co has a 12 month low of $23.10 and a 12 month high of $35.25. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. Performance Food Group had a net margin of 1.24% and a return on equity of 15.69%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. equities research analysts expect that Performance Food Group Co will post 1.6 EPS for the current fiscal year.

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Performance Food Group 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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