BlackRock Inc. Purchases 212,027 Shares of Performance Food Group Co (NYSE:PFGC)

BlackRock Inc. increased its holdings in shares of Performance Food Group Co (NYSE:PFGC) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,570,996 shares of the food distribution company’s stock after acquiring an additional 212,027 shares during the quarter. BlackRock Inc. owned about 7.20% of Performance Food Group worth $300,114,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Performance Food Group by 75.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the food distribution company’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Performance Food Group during the 4th quarter worth approximately $29,000. Advisor Group Inc. boosted its position in Performance Food Group by 19.8% during the 4th quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock worth $59,000 after buying an additional 303 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Performance Food Group during the 4th quarter worth approximately $78,000. Finally, PNC Financial Services Group Inc. boosted its position in Performance Food Group by 55.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,956 shares of the food distribution company’s stock worth $128,000 after buying an additional 1,415 shares during the period. 95.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PFGC traded down $0.05 during mid-day trading on Friday, hitting $41.47. The company had a trading volume of 384,096 shares, compared to its average volume of 580,238. The company has a fifty day moving average of $40.10. The firm has a market capitalization of $4.36 billion, a P/E ratio of 26.93, a PEG ratio of 1.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.45 and a quick ratio of 0.75. Performance Food Group Co has a one year low of $28.05 and a one year high of $42.26.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.67 billion. Performance Food Group had a net margin of 0.91% and a return on equity of 14.91%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, equities research analysts predict that Performance Food Group Co will post 1.78 earnings per share for the current year.

Several research firms recently commented on PFGC. Zacks Investment Research downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Loop Capital set a $48.00 target price on shares of Performance Food Group and gave the stock a “buy” rating in a research report on Friday. Finally, Bank of America began coverage on shares of Performance Food Group in a research report on Wednesday, April 17th. They set a “buy” rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.73.

In other Performance Food Group news, insider Patrick T. Hagerty sold 7,000 shares of Performance Food Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of $40.22, for a total transaction of $281,540.00. Following the transaction, the insider now directly owns 148,506 shares of the company’s stock, valued at approximately $5,972,911.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick T. Hagerty sold 7,450 shares of Performance Food Group stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $40.85, for a total transaction of $304,332.50. Following the transaction, the insider now directly owns 169,006 shares in the company, valued at $6,903,895.10. The disclosure for this sale can be found here. Insiders have sold a total of 28,450 shares of company stock valued at $1,136,773 in the last 90 days. 3.80% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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