Legal & General Group Plc increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 60.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,023 shares of the restaurant operator’s stock after buying an additional 7,919 shares during the period. Legal & General Group Plc’s holdings in Performance Food Group were worth $499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank N A MO raised its position in Performance Food Group by 5.3% in the first quarter. UMB Bank N A MO now owns 15,800 shares of the restaurant operator’s stock worth $376,000 after buying an additional 800 shares in the last quarter. American International Group Inc. raised its position in Performance Food Group by 7.1% in the first quarter. American International Group Inc. now owns 23,075 shares of the restaurant operator’s stock worth $549,000 after buying an additional 1,539 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Performance Food Group by 16.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 22,715 shares of the restaurant operator’s stock worth $541,000 after buying an additional 3,195 shares in the last quarter. TD Asset Management Inc. raised its position in Performance Food Group by 22.8% in the first quarter. TD Asset Management Inc. now owns 19,400 shares of the restaurant operator’s stock worth $462,000 after buying an additional 3,600 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Performance Food Group by 85.2% in the first quarter. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator’s stock worth $192,000 after buying an additional 3,706 shares in the last quarter. Institutional investors and hedge funds own 81.67% of the company’s stock.

Shares of Performance Food Group Company (NYSE:PFGC) traded down 0.72% during mid-day trading on Friday, reaching $27.70. The company’s stock had a trading volume of 376,125 shares. The company has a 50 day moving average of $27.82 and a 200-day moving average of $25.40. The firm has a market capitalization of $2.87 billion, a P/E ratio of 33.25 and a beta of -0.31. Performance Food Group Company has a 12 month low of $19.95 and a 12 month high of $29.25.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Performance Food Group had a return on equity of 13.92% and a net margin of 0.51%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Performance Food Group Company will post $1.26 EPS for the current year.

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A number of research analysts recently issued reports on the company. BMO Capital Markets set a $30.00 price objective on Performance Food Group and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group in a research report on Tuesday, May 16th. Guggenheim restated a “buy” rating and set a $26.80 price objective on shares of Performance Food Group in a research report on Tuesday, June 27th. Finally, BidaskClub lowered Performance Food Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $28.31.

In other Performance Food Group news, insider James D. Hope purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $27.60 per share, for a total transaction of $27,600.00. Following the transaction, the insider now directly owns 64,657 shares in the company, valued at $1,784,533.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings L.P. Blackstone III sold 13,700,465 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $27.41, for a total value of $375,529,745.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,810,265 shares of company stock worth $378,625,068. Corporate insiders own 3.50% of the company’s stock.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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