6,526 Shares in Performance Food Group Company $PFGC Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new position in Performance Food Group Company (NYSE:PFGC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,526 shares of the food distribution company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PFGC. Norges Bank acquired a new position in Performance Food Group in the fourth quarter valued at approximately $208,170,000. Wellington Management Group LLP boosted its stake in Performance Food Group by 46.2% in the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after acquiring an additional 1,964,799 shares during the period. Invesco Ltd. boosted its stake in Performance Food Group by 79.1% in the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after acquiring an additional 1,168,869 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Performance Food Group in the fourth quarter valued at approximately $81,020,000. Finally, UBS Group AG boosted its stake in Performance Food Group by 246.4% in the third quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock valued at $120,508,000 after acquiring an additional 823,882 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Up 1.2%

NYSE PFGC opened at $98.34 on Friday. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 1.54 and a beta of 0.92. The firm’s 50 day moving average price is $89.97 and its two-hundred day moving average price is $92.11.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The firm had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. During the same period in the previous year, the company posted $0.79 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Performance Food Group Company will post 4.57 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kimberly Grant sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the director directly owned 11,935 shares in the company, valued at $1,133,825. The trade was a 17.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the transaction, the insider owned 44,655 shares in the company, valued at approximately $4,221,683.70. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,250 shares of company stock worth $687,370. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PFGC. Citigroup boosted their target price on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group dropped their target price on Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barclays upped their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

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.