Bridgewater Advisors Inc. Has $1.53 Million Stake in Performance Food Group (NYSE:PFGC)

Bridgewater Advisors Inc. decreased its holdings in shares of Performance Food Group (NYSE:PFGC) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 18,759 shares of the food distribution company’s stock after selling 213 shares during the period. Bridgewater Advisors Inc.’s holdings in Performance Food Group were worth $1,534,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the last quarter. Innealta Capital LLC bought a new stake in Performance Food Group in the second quarter valued at approximately $30,000. UMB Bank n.a. boosted its holdings in Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after acquiring an additional 365 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Performance Food Group in the third quarter valued at approximately $36,000. Finally, GAMMA Investing LLC boosted its holdings in Performance Food Group by 65.2% in the second quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 349 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Up 6.4 %

NYSE PFGC opened at $87.62 on Thursday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 31.41, a PEG ratio of 0.81 and a beta of 1.44. The business has a fifty day simple moving average of $78.39 and a 200 day simple moving average of $71.94. Performance Food Group has a 12 month low of $59.35 and a 12 month high of $89.00. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. On average, analysts predict that Performance Food Group will post 4.87 EPS for the current fiscal year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now owns 149,863 shares in the company, valued at $11,185,774.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares in the company, valued at approximately $12,152,310.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now owns 149,863 shares of the company’s stock, valued at $11,185,774.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,500 shares of company stock valued at $7,426,075. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial upped their target price on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Wells Fargo & Company increased their price target on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. BMO Capital Markets increased their price target on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group increased their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.88.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.