Great West Life Assurance Co. Can Invests $4.14 Million in Performance Food Group (NYSE:PFGC)

Great West Life Assurance Co. Can purchased a new position in Performance Food Group (NYSE:PFGCGet Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96,234 shares of the food distribution company’s stock, valued at approximately $4,135,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFGC. Quadrant Capital Group LLC boosted its stake in shares of Performance Food Group by 111.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 583 shares of the food distribution company’s stock worth $27,000 after buying an additional 307 shares during the last quarter. Glassman Wealth Services lifted its position in Performance Food Group by 65.3% during the second quarter. Glassman Wealth Services now owns 661 shares of the food distribution company’s stock valued at $30,000 after purchasing an additional 261 shares in the last quarter. National Bank of Canada FI lifted its position in Performance Food Group by 232.8% during the second quarter. National Bank of Canada FI now owns 782 shares of the food distribution company’s stock valued at $36,000 after purchasing an additional 547 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Performance Food Group by 325.9% during the second quarter. Pinebridge Investments L.P. now owns 954 shares of the food distribution company’s stock valued at $44,000 after purchasing an additional 730 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Performance Food Group during the second quarter valued at $48,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Trading Up 1.3 %

PFGC opened at $59.31 on Monday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 45.28 and a beta of 1.36. The stock’s 50 day moving average price is $59.29 and its 200-day moving average price is $52.85. Performance Food Group has a one year low of $38.23 and a one year high of $62.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.71 and a current ratio of 1.64.

Performance Food Group (NYSE:PFGCGet Rating) last released its earnings results on Wednesday, November 9th. The food distribution company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.29. The firm had revenue of $14.72 billion for the quarter, compared to analysts’ expectations of $14.42 billion. Performance Food Group had a return on equity of 15.34% and a net margin of 0.37%. On average, equities analysts forecast that Performance Food Group will post 3.82 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PFGC shares. Truist Financial lifted their target price on Performance Food Group from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 12th. BMO Capital Markets lifted their target price on Performance Food Group from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Performance Food Group from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 14th. Stephens reissued an “overweight” rating and set a $68.00 price objective on shares of Performance Food Group in a research note on Friday, January 13th. Finally, Credit Suisse Group boosted their price objective on Performance Food Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 10th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Buy” and an average target price of $70.91.

Insider Activity at Performance Food Group

In related news, insider Christine R. Vlahcevic sold 4,210 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $59.65, for a total value of $251,126.50. Following the completion of the sale, the insider now owns 15,930 shares in the company, valued at $950,224.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Christine R. Vlahcevic sold 4,210 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $59.65, for a total value of $251,126.50. Following the completion of the sale, the insider now owns 15,930 shares in the company, valued at $950,224.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the completion of the sale, the insider now owns 155,790 shares of the company’s stock, valued at approximately $8,155,606.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,710 shares of company stock worth $515,552. Company insiders own 2.80% of the company’s stock.

Performance Food Group Company Profile

(Get Rating)

Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.

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

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