Eurizon Capital SGR S.p.A. Purchases New Shares in Performance Food Group Company $PFGC

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 900,387 shares of the food distribution company’s stock, valued at approximately $81,020,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Wellington Management Group LLP increased its holdings in Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares in the last quarter. Invesco Ltd. increased its holdings in Performance Food Group by 79.1% during the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after purchasing an additional 1,168,869 shares in the last quarter. UBS Group AG increased its holdings in Performance Food Group by 246.4% during the 3rd quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock valued at $120,508,000 after purchasing an additional 823,882 shares in the last quarter. Bank of America Corp DE increased its holdings in Performance Food Group by 101.2% during the 3rd quarter. Bank of America Corp DE now owns 1,265,685 shares of the food distribution company’s stock valued at $131,682,000 after purchasing an additional 636,506 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Performance Food Group by 194.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 833,228 shares of the food distribution company’s stock valued at $86,689,000 after purchasing an additional 550,551 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PFGC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a research note on Thursday, May 7th. Citigroup lifted their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Insiders Place Their Bets

In other Performance Food Group news, insider Erika T. Davis sold 1,750 shares of Performance Food Group stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $166,250.00. Following the transaction, the insider directly owned 44,791 shares in the company, valued at approximately $4,255,145. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimberly Grant sold 2,500 shares of Performance Food Group stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the transaction, the director owned 11,935 shares in the company, valued at approximately $1,133,825. This represents a 17.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 7,250 shares of company stock worth $687,370. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Stock Performance

PFGC stock opened at $98.34 on Friday. The business’s 50-day moving average price is $89.97 and its two-hundred day moving average price is $92.11. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The firm has a market cap of $15.45 billion, a PE ratio of 46.83, a P/E/G ratio of 1.52 and a beta of 0.92. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. As a group, research analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current year.

About Performance Food Group

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.