BlackRock Inc. decreased its position in shares of Performance Food Group Co (NYSE:PFGC) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,917,491 shares of the restaurant operator’s stock after selling 2,037,871 shares during the period. BlackRock Inc. owned about 7.59% of Performance Food Group worth $290,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Performance Food Group by 2.3% during the 1st quarter. Swiss National Bank now owns 181,400 shares of the restaurant operator’s stock worth $5,415,000 after acquiring an additional 4,000 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Performance Food Group by 111.4% during the 1st quarter. Hsbc Holdings PLC now owns 240,225 shares of the restaurant operator’s stock worth $7,171,000 after acquiring an additional 126,615 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Performance Food Group by 3.2% during the 1st quarter. Royal Bank of Canada now owns 429,486 shares of the restaurant operator’s stock worth $12,820,000 after acquiring an additional 13,478 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Performance Food Group by 9.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 74,817 shares of the restaurant operator’s stock worth $2,233,000 after acquiring an additional 6,612 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of Performance Food Group by 46.1% during the 1st quarter. Citigroup Inc. now owns 111,764 shares of the restaurant operator’s stock worth $3,336,000 after acquiring an additional 35,278 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Several analysts recently issued reports on PFGC shares. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, July 20th. Royal Bank of Canada raised their target price on shares of Performance Food Group from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Jefferies Financial Group started coverage on shares of Performance Food Group in a research report on Friday, June 8th. They issued a “hold” rating and a $38.00 target price on the stock. Loop Capital raised their target price on shares of Performance Food Group to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 19th. Finally, ValuEngine lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.40.

Shares of Performance Food Group stock opened at $32.40 on Monday. Performance Food Group Co has a fifty-two week low of $26.35 and a fifty-two week high of $39.45. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.07 and a beta of 0.18.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts anticipate that Performance Food Group Co will post 1.74 EPS for the current fiscal year.

In other news, insider George L. Holm sold 56,176 shares of Performance Food Group stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $36.43, for a total transaction of $2,046,491.68. Following the transaction, the insider now owns 166,937 shares in the company, valued at $6,081,514.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Howard Hoskins sold 4,450 shares of Performance Food Group stock in a transaction on Friday, August 17th. The stock was sold at an average price of $33.63, for a total transaction of $149,653.50. Following the transaction, the insider now owns 125,526 shares in the company, valued at approximately $4,221,439.38. The disclosure for this sale can be found here. Insiders sold 121,365 shares of company stock worth $4,231,405 in the last 90 days. Company insiders own 3.70% of the company’s stock.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as 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 seafood products, shortenings and oils, baked goods, and salad dressings.

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

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