Goldman Sachs Group Inc. Acquires 121,202 Shares of Performance Food Group Company $PFGC

Goldman Sachs Group Inc. boosted its holdings in Performance Food Group Company (NYSE:PFGC) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,400,934 shares of the food distribution company’s stock after acquiring an additional 121,202 shares during the period. Goldman Sachs Group Inc.’s holdings in Performance Food Group were worth $125,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Maven Securities LTD bought a new stake in Performance Food Group in the 3rd quarter valued at $2,589,000. Close Asset Management Ltd raised its stake in Performance Food Group by 7.5% in the 3rd quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company’s stock valued at $216,536,000 after acquiring an additional 145,387 shares during the period. Assenagon Asset Management S.A. raised its stake in Performance Food Group by 10.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company’s stock valued at $44,124,000 after acquiring an additional 45,867 shares during the period. Capital World Investors raised its stake in Performance Food Group by 0.8% in the 3rd quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock valued at $2,335,371,000 after acquiring an additional 185,624 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Performance Food Group by 37.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 441,146 shares of the food distribution company’s stock valued at $39,668,000 after acquiring an additional 120,725 shares during the period. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup increased their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Finally, Barclays increased their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Insider Buying and Selling

In other news, insider A Brent King sold 5,641 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.63, for a total transaction of $545,089.83. Following the sale, the insider directly owned 57,211 shares of the company’s stock, valued at approximately $5,528,298.93. This represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 1,750 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total value of $166,250.00. Following the sale, the insider directly owned 44,791 shares in the company, valued at approximately $4,255,145. This trade represents a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,891 shares of company stock valued at $1,232,460. Company insiders own 4.50% of the company’s stock.

Performance Food Group Stock Up 0.3%

PFGC stock opened at $97.37 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.52 and a beta of 0.93. The business’s fifty day moving average price is $91.49 and its two-hundred day moving average price is $92.11. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. On average, equities analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current year.

Performance Food Group Company 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.