Susquehanna Fundamental Investments LLC Purchases Shares of 16,554 Performance Food Group Company $PFGC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,554 shares of the food distribution company’s stock, valued at approximately $1,851,000.

Other hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. lifted its stake in Performance Food Group by 8.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 4,103 shares of the food distribution company’s stock valued at $459,000 after purchasing an additional 318 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Performance Food Group by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,472 shares of the food distribution company’s stock worth $835,000 after buying an additional 175 shares during the last quarter. Greenleaf Trust bought a new position in shares of Performance Food Group in the second quarter valued at $201,000. Braun Stacey Associates Inc. increased its holdings in shares of Performance Food Group by 23.0% in the second quarter. Braun Stacey Associates Inc. now owns 126,004 shares of the food distribution company’s stock valued at $14,086,000 after buying an additional 23,575 shares in the last quarter. Finally, Field & Main Bank acquired a new stake in shares of Performance Food Group during the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 8,023 shares of Performance Food Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83. Following the transaction, the insider owned 47,800 shares of the company’s stock, valued at $4,981,238. The trade was a 14.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 10,535 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $105.90, for a total value of $1,115,656.50. Following the completion of the transaction, the insider owned 54,291 shares in the company, valued at $5,749,416.90. This represents a 16.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 54,750 shares of company stock worth $5,722,370. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Barclays upped their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Wells Fargo & Company lifted their price target on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Citigroup boosted their price objective on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $126.90.

Performance Food Group Trading Down 0.0%

Performance Food Group stock opened at $99.15 on Wednesday. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $117.47. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 43.30, a P/E/G ratio of 1.27 and a beta of 0.88. The company has a 50 day moving average price of $109.86 and a 200 day moving average price of $98.76.

Performance Food Group (NYSE:PFGC) last announced its earnings results 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 firm had revenue of $18.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Research analysts forecast that Performance Food Group Company will post 5.58 EPS 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.