Stratos Wealth Partners LTD. bought a new stake in shares of Performance Food Group (NYSE:PFGC – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,800 shares of the food distribution company’s stock, valued at approximately $290,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in Performance Food Group by 130.0% during the first quarter. Fifth Third Bancorp now owns 460 shares of the food distribution company’s stock valued at $28,000 after buying an additional 260 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Performance Food Group in the fourth quarter worth approximately $38,000. Harvest Fund Management Co. Ltd bought a new position in shares of Performance Food Group in the fourth quarter worth approximately $39,000. Coppell Advisory Solutions Corp. bought a new position in shares of Performance Food Group in the fourth quarter worth approximately $46,000. Finally, Field & Main Bank bought a new position in shares of Performance Food Group in the first quarter worth approximately $60,000. 97.40% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Performance Food Group
In other Performance Food Group news, insider Patrick T. Hagerty sold 2,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $55.91, for a total transaction of $111,820.00. Following the completion of the transaction, the insider now owns 151,790 shares in the company, valued at $8,486,578.90. 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 2,680 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $60.06, for a total value of $160,960.80. Following the sale, the insider now owns 658,400 shares of the company’s stock, valued at $39,543,504. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Patrick T. Hagerty sold 2,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $55.91, for a total transaction of $111,820.00. Following the completion of the sale, the insider now directly owns 151,790 shares in the company, valued at approximately $8,486,578.90. The disclosure for this sale can be found here. Insiders sold 6,680 shares of company stock worth $392,041 over the last 90 days. 2.80% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Performance Food Group Price Performance
PFGC stock opened at $62.00 on Friday. Performance Food Group has a 52 week low of $42.77 and a 52 week high of $63.22. The company has a quick ratio of 0.75, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $58.14 and a two-hundred day simple moving average of $58.87. The firm has a market capitalization of $9.68 billion, a P/E ratio of 29.81 and a beta of 1.36.
Performance Food Group (NYSE:PFGC – Get Free Report) last released its quarterly earnings data on Wednesday, May 10th. The food distribution company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Performance Food Group had a net margin of 0.57% and a return on equity of 17.20%. The business had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.94 billion. Analysts anticipate that Performance Food Group will post 3.88 earnings per share for the current fiscal year.
About Performance Food Group
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.
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