Hsbc Holdings PLC Has $4.41 Million Stock Holdings in Performance Food Group Company $PFGC

Hsbc Holdings PLC boosted its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 30.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,951 shares of the food distribution company’s stock after acquiring an additional 11,569 shares during the quarter. Hsbc Holdings PLC’s holdings in Performance Food Group were worth $4,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Performance Food Group by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after purchasing an additional 184,066 shares during the period. Empowered Funds LLC acquired a new position in Performance Food Group during the 1st quarter worth about $359,000. EverSource Wealth Advisors LLC grew its position in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Performance Food Group in the 2nd quarter valued at about $230,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Performance Food Group by 499.5% in the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after buying an additional 273,997 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Up 0.4%

Shares of PFGC stock opened at $112.03 on Friday. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $116.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The stock has a 50 day simple moving average of $100.57 and a two-hundred day simple moving average of $94.28. The company has a market cap of $17.60 billion, a P/E ratio of 53.35, a PEG ratio of 1.39 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. Research analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 2,595 shares of Performance Food Group stock in a transaction on Friday, June 26th. The shares were sold at an average price of $110.00, for a total value of $285,450.00. Following the completion of the sale, the insider directly owned 40,446 shares of the company’s stock, valued at approximately $4,449,060. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider A Brent King sold 6,111 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the completion of the sale, the insider directly owned 44,260 shares of the company’s stock, valued at $4,647,300. The trade was a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,187 shares of company stock valued at $3,027,315 in the last ninety days. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays boosted their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.73.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.