Performance Food Group (NYSE:PFGC) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP grew its position in shares of Performance Food Group (NYSE:PFGC) by 56.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,974 shares of the food distribution company’s stock after purchasing an additional 6,099 shares during the period. Aigen Investment Management LP’s holdings in Performance Food Group were worth $1,330,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Performance Food Group by 12.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,305 shares of the food distribution company’s stock worth $396,000 after buying an additional 584 shares during the last quarter. Quantbot Technologies LP acquired a new position in Performance Food Group in the first quarter valued at $789,000. Meeder Asset Management Inc. acquired a new stake in Performance Food Group during the first quarter worth about $272,000. Headlands Technologies LLC raised its holdings in shares of Performance Food Group by 339.5% in the 1st quarter. Headlands Technologies LLC now owns 3,072 shares of the food distribution company’s stock worth $229,000 after purchasing an additional 2,373 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Performance Food Group by 5.8% in the 1st quarter. QRG Capital Management Inc. now owns 4,243 shares of the food distribution company’s stock valued at $317,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the sale, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares of the company’s stock, valued at approximately $11,185,774.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $7,426,075. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Down 0.3 %

PFGC traded down $0.25 during trading on Tuesday, hitting $87.00. The company had a trading volume of 11,405 shares, compared to its average volume of 1,024,394. Performance Food Group has a 1-year low of $60.59 and a 1-year high of $89.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.76. The company has a market cap of $13.56 billion, a PE ratio of 32.20, a P/E/G ratio of 0.87 and a beta of 1.44. The business has a 50-day moving average of $79.08 and a 200-day moving average of $72.32.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. During the same quarter last year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts forecast that Performance Food Group will post 4.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

PFGC has been the subject of several research reports. Barclays boosted their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $92.00 target price on shares of Performance Food Group in a research note on Monday, October 28th. UBS Group boosted their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Guggenheim lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.