Victory Capital Management Inc. Increases Position in Performance Food Group Company (PFGC)

Victory Capital Management Inc. lifted its stake in shares of Performance Food Group Company (NYSE:PFGC) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,563,912 shares of the restaurant operator’s stock after purchasing an additional 37,263 shares during the quarter. Victory Capital Management Inc. owned 3.42% of Performance Food Group worth $100,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in PFGC. FMR LLC grew its holdings in shares of Performance Food Group by 20.3% during the 2nd quarter. FMR LLC now owns 14,747,833 shares of the restaurant operator’s stock valued at $404,090,000 after purchasing an additional 2,492,402 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Performance Food Group by 56.9% during the 1st quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock valued at $137,588,000 after purchasing an additional 2,095,631 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Performance Food Group by 62.4% during the 2nd quarter. BlackRock Inc. now owns 5,336,665 shares of the restaurant operator’s stock valued at $146,224,000 after purchasing an additional 2,049,633 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Performance Food Group by 92.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,613,929 shares of the restaurant operator’s stock valued at $44,222,000 after purchasing an additional 774,804 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Performance Food Group by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,108,605 shares of the restaurant operator’s stock valued at $167,376,000 after purchasing an additional 714,071 shares during the last quarter. 79.50% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Wells Fargo & Company reiterated a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 17th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Morgan Stanley lifted their target price on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.30.

In other Performance Food Group news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $28.25, for a total transaction of $141,250,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James D. Hope purchased 3,575 shares of Performance Food Group stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the transaction, the insider now directly owns 65,480 shares of the company’s stock, valued at $1,767,305.20. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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

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