Performance Food Group Company $PFGC Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its position in shares of Performance Food Group Company (NYSE:PFGC) by 373.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,027 shares of the food distribution company’s stock after acquiring an additional 7,908 shares during the period. Citizens Financial Group Inc. RI’s holdings in Performance Food Group were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PFGC. Cedar Mountain Advisors LLC bought a new stake in Performance Food Group in the 1st quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Performance Food Group during the 2nd quarter valued at approximately $51,000. Transamerica Financial Advisors LLC bought a new position in shares of Performance Food Group during the 2nd quarter valued at approximately $54,000. Field & Main Bank purchased a new position in shares of Performance Food Group in the second quarter valued at $56,000. Finally, Summit Securities Group LLC purchased a new position in shares of Performance Food Group in the first quarter valued at $60,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their price target on shares of Performance Food Group from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Wells Fargo & Company increased their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. UBS Group lowered their price objective on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Citigroup lifted their price objective on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley boosted their target price on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.00.

Performance Food Group Trading Down 0.2%

Shares of PFGC stock opened at $96.09 on Thursday. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $95.99 and its two-hundred day simple moving average is $97.34. The company has a market cap of $15.14 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). The company had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. Performance Food Group’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Research analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider A. King sold 1,320 shares of Performance Food Group stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the transaction, the insider directly owned 44,216 shares of the company’s stock, valued at $4,655,502.64. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika T. Davis sold 1,320 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the transaction, the insider owned 40,402 shares in the company, valued at $4,253,926.58. This trade represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,459 shares of company stock worth $4,317,917 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Performance Food Group Profile

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.