Performance Food Group Co (NYSE:PFGC) Shares Sold by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC decreased its holdings in shares of Performance Food Group Co (NYSE:PFGC) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,398 shares of the food distribution company’s stock after selling 432 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Performance Food Group were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. APG Asset Management N.V. grew its position in Performance Food Group by 142.2% in the 2nd quarter. APG Asset Management N.V. now owns 986,400 shares of the food distribution company’s stock worth $34,673,000 after purchasing an additional 579,200 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Performance Food Group by 17.5% in the 2nd quarter. Westfield Capital Management Co. LP now owns 664,184 shares of the food distribution company’s stock worth $26,587,000 after purchasing an additional 98,779 shares during the last quarter. Commonwealth Bank of Australia grew its position in Performance Food Group by 18.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 81,552 shares of the food distribution company’s stock worth $3,263,000 after purchasing an additional 12,652 shares during the last quarter. Northern Trust Corp grew its position in Performance Food Group by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,308,821 shares of the food distribution company’s stock worth $52,392,000 after purchasing an additional 10,068 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Performance Food Group in the 2nd quarter worth about $483,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Several research analysts have commented on the stock. Loop Capital upped their target price on shares of Performance Food Group to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Wells Fargo & Co upped their target price on shares of Performance Food Group from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Zacks Investment Research upgraded shares of Performance Food Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. ValuEngine upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on shares of Performance Food Group to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.89.



Shares of NYSE:PFGC traded up $0.30 during trading on Tuesday, reaching $46.71. The company had a trading volume of 245,835 shares, compared to its average volume of 600,437. The firm’s fifty day moving average is $45.65 and its 200 day moving average is $41.63. The firm has a market capitalization of $4.84 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.63. Performance Food Group Co has a twelve month low of $28.05 and a twelve month high of $47.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.77 and a current ratio of 1.57.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.56 billion. Performance Food Group had a net margin of 0.84% and a return on equity of 15.86%. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. Equities analysts predict that Performance Food Group Co will post 2 earnings per share for the current fiscal year.

In related news, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $43.83, for a total transaction of $306,810.00. Following the completion of the sale, the insider now directly owns 141,006 shares of the company’s stock, valued at $6,180,292.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christine R. Vlahcevic sold 7,879 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $45.27, for a total transaction of $356,682.33. Following the sale, the insider now directly owns 19,807 shares of the company’s stock, valued at $896,662.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,879 shares of company stock valued at $1,271,022. Company insiders own 3.80% of the company’s stock.

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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