Millennium Management LLC Has $47.53 Million Holdings in Performance Food Group (NYSE:PFGC)

Millennium Management LLC lessened its position in shares of Performance Food Group (NYSE:PFGC) by 11.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 718,959 shares of the food distribution company’s stock after selling 94,507 shares during the period. Millennium Management LLC owned 0.46% of Performance Food Group worth $47,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PFGC. Advisory Services Network LLC lifted its stake in shares of Performance Food Group by 10.7% in the 4th quarter. Advisory Services Network LLC now owns 6,181 shares of the food distribution company’s stock valued at $427,000 after purchasing an additional 598 shares during the period. KBC Group NV bought a new stake in Performance Food Group in the fourth quarter worth approximately $193,000. First Trust Advisors LP lifted its stake in Performance Food Group by 5.8% in the fourth quarter. First Trust Advisors LP now owns 398,911 shares of the food distribution company’s stock valued at $27,585,000 after buying an additional 21,786 shares during the period. Armistice Capital LLC bought a new position in shares of Performance Food Group during the 4th quarter worth approximately $8,064,000. Finally, Capital World Investors boosted its holdings in shares of Performance Food Group by 0.4% during the 4th quarter. Capital World Investors now owns 21,426,852 shares of the food distribution company’s stock worth $1,481,667,000 after buying an additional 78,481 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

In related news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated 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 owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,500 shares of company stock worth $7,426,075. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PFGC. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets lifted their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Barclays raised their target price on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group upped their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Performance Food Group Trading Up 0.2 %

NYSE:PFGC opened at $78.35 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. Performance Food Group has a one year low of $52.92 and a one year high of $79.59. The company has a market cap of $12.19 billion, a PE ratio of 29.24, a PEG ratio of 0.85 and a beta of 1.44. The firm has a 50-day moving average of $71.89 and a 200-day moving average of $70.32.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Performance Food Group will post 4.87 EPS 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.