27,392 Shares in Performance Food Group Company $PFGC Bought by Bollard Group LLC

Bollard Group LLC bought a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the first quarter, HoldingsChannel reports. The institutional investor bought 27,392 shares of the food distribution company’s stock, valued at approximately $2,346,000.

Several other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Performance Food Group by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock valued at $125,972,000 after acquiring an additional 121,202 shares during the period. Kennedy Capital Management LLC lifted its position in Performance Food Group by 7.3% during the fourth quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock worth $18,645,000 after buying an additional 14,173 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Performance Food Group by 37.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 441,146 shares of the food distribution company’s stock worth $39,668,000 after purchasing an additional 120,725 shares during the period. Factory Mutual Insurance Co. lifted its position in Performance Food Group by 122.2% in the fourth quarter. Factory Mutual Insurance Co. now owns 200,000 shares of the food distribution company’s stock valued at $17,984,000 after buying an additional 110,000 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Performance Food Group by 30.9% during the fourth quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock worth $4,408,000 after purchasing an additional 11,569 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Transactions at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, May 12th. The stock was 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 $4,221,683.70. The trade was a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Erika T. Davis sold 2,595 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $110.00, for a total value of $285,450.00. Following the transaction, the insider directly owned 40,446 shares of the company’s stock, valued at $4,449,060. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,187 shares of company stock worth $3,027,315 over the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PFGC. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. Morgan Stanley lifted their price objective on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Guggenheim lifted their price target on shares of Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Barclays lifted their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price target on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $123.82.

Performance Food Group Trading Up 1.0%

Performance Food Group stock opened at $111.45 on Friday. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $116.42. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $104.68 and a 200-day simple moving average of $95.86. The stock has a market capitalization of $17.51 billion, a PE ratio of 53.07, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business 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 firm posted $0.79 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

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.