WINTON GROUP Ltd grew its holdings in Performance Food Group Co (NYSE:PFGC) by 50.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,176 shares of the food distribution company’s stock after purchasing an additional 4,100 shares during the quarter. WINTON GROUP Ltd’s holdings in Performance Food Group were worth $487,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Westfield Capital Management Co. LP bought a new stake in Performance Food Group in the first quarter valued at about $22,413,000. Vaughan Nelson Investment Management L.P. increased its holdings in Performance Food Group by 10.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,547,690 shares of the food distribution company’s stock valued at $61,351,000 after purchasing an additional 140,725 shares during the last quarter. Citigroup Inc. increased its holdings in Performance Food Group by 142.7% in the first quarter. Citigroup Inc. now owns 80,477 shares of the food distribution company’s stock valued at $3,190,000 after purchasing an additional 47,318 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Performance Food Group by 33.4% in the first quarter. State of Wisconsin Investment Board now owns 466,800 shares of the food distribution company’s stock valued at $18,504,000 after purchasing an additional 116,800 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Performance Food Group by 29.1% in the first quarter. Jennison Associates LLC now owns 2,984,830 shares of the food distribution company’s stock valued at $118,319,000 after purchasing an additional 673,089 shares during the last quarter. 95.88% of the stock is currently owned by institutional investors.
Shares of Performance Food Group stock traded up $0.93 during trading hours on Wednesday, hitting $44.15. The company’s stock had a trading volume of 322,023 shares, compared to its average volume of 577,872. Performance Food Group Co has a 12 month low of $28.05 and a 12 month high of $43.92. The stock has a 50 day simple moving average of $41.37. The company has a market capitalization of $4.51 billion, a P/E ratio of 28.67, a PEG ratio of 1.84 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.95.
A number of equities research analysts recently commented on the company. Loop Capital set a $48.00 price objective on Performance Food Group and gave the company a “buy” rating in a report on Friday, July 5th. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, July 16th. BMO Capital Markets upped their price objective on Cogeco Communications from C$95.00 to C$100.00 in a report on Friday, July 12th. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price objective (up previously from $125.00) on shares of Procter & Gamble in a report on Tuesday. Finally, Bank of America reiterated a “buy” rating and issued a C$10.00 price objective on shares of Hexo in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Performance Food Group presently has a consensus rating of “Buy” and a consensus target price of $41.90.
In other Performance Food Group news, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $40.22, for a total value of $281,540.00. Following the completion of the sale, the insider now directly owns 148,506 shares in the company, valued at $5,972,911.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
Performance Food Group Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
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