AEGON ASSET MANAGEMENT UK Plc Raises Holdings in Performance Food Group (NYSE:PFGC)

AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 0.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 280,486 shares of the food distribution company’s stock after acquiring an additional 2,418 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Performance Food Group were worth $21,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock valued at $916,000 after acquiring an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after purchasing an additional 160 shares during the period. CIBC Asset Management Inc grew its holdings in Performance Food Group by 4.3% in the 2nd quarter. CIBC Asset Management Inc now owns 4,375 shares of the food distribution company’s stock worth $289,000 after buying an additional 179 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Performance Food Group by 0.4% in the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after purchasing an additional 186 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Performance Food Group by 1.9% during the 1st quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company’s stock valued at $819,000 after buying an additional 200 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Performance

NYSE:PFGC opened at $85.96 on Friday. Performance Food Group has a 52-week low of $59.35 and a 52-week high of $89.00. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.88 and a beta of 1.44. The firm’s 50-day moving average is $78.82 and its 200-day moving average is $72.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.70.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities research analysts anticipate that Performance Food Group will post 4.84 earnings per share for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of a number of research reports. Guggenheim boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Wells Fargo & Company increased their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and set a $92.00 price objective on shares of Performance Food Group in a research report on Monday, October 28th. Finally, Truist Financial increased their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the sale, the insider now owns 149,863 shares of the company’s stock, valued at $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 sold 100,500 shares of company stock valued at $7,426,075. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Company 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.