Prudential Financial Inc. trimmed its position in shares of Performance Food Group Company (NYSE:PFGC) by 53.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,750 shares of the restaurant operator’s stock after selling 15,780 shares during the period. Prudential Financial Inc.’s holdings in Performance Food Group were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in Performance Food Group by 37.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 1,247 shares in the last quarter. SG Americas Securities LLC bought a new position in Performance Food Group during the second quarter valued at about $118,000. Great West Life Assurance Co. Can raised its holdings in Performance Food Group by 187.0% during the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 4,300 shares in the last quarter. Atria Investments LLC bought a new position in Performance Food Group during the second quarter valued at about $252,000. Finally, Karp Capital Management Corp bought a new position in Performance Food Group during the first quarter valued at about $258,000. Institutional investors and hedge funds own 78.70% of the company’s stock.

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In other news, insider James D. Hope bought 3,575 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $26.99 per share, with a total value of $96,489.25. Following the acquisition, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $28.25, for a total transaction of $141,250,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on PFGC. BMO Capital Markets raised their target price on Performance Food Group from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, September 13th. Morgan Stanley raised their target price on Performance Food Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, September 13th. TheStreet upgraded Performance Food Group from a “c” rating to a “b-” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, October 5th. Finally, BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Performance Food Group currently has an average rating of “Hold” and an average price target of $29.30.

Shares of Performance Food Group Company (PFGC) opened at 27.95 on Thursday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 30.05 and a beta of -0.27. Performance Food Group Company has a 12 month low of $19.95 and a 12 month high of $29.90. The stock has a 50 day moving average price of $28.22 and a 200 day moving average price of $27.10.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.46 billion. Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, analysts expect that Performance Food Group Company will post $1.43 earnings per share for the current year.

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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