Point72 Asia Singapore Pte. Ltd. Has $357,000 Position in Performance Food Group (NYSE:PFGC)

Point72 Asia Singapore Pte. Ltd. boosted its position in Performance Food Group (NYSE:PFGC) by 89.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,558 shares of the food distribution company’s stock after buying an additional 2,149 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Performance Food Group were worth $357,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Performance Food Group by 15.3% during the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company’s stock worth $586,000 after acquiring an additional 1,042 shares in the last quarter. Cetera Investment Advisers grew its position in Performance Food Group by 257.2% in the first quarter. Cetera Investment Advisers now owns 45,851 shares of the food distribution company’s stock valued at $3,422,000 after purchasing an additional 33,015 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Performance Food Group in the 1st quarter valued at $546,000. GAMMA Investing LLC lifted its position in Performance Food Group by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after buying an additional 349 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Performance Food Group by 31.5% during the 2nd quarter. CWM LLC now owns 2,758 shares of the food distribution company’s stock worth $182,000 after buying an additional 661 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of recent research reports. Truist Financial lifted their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets increased their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Jefferies Financial Group boosted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.27.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares of the company’s stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Trading Up 0.0 %

Shares of NYSE:PFGC opened at $88.27 on Tuesday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $89.73. The business has a 50 day moving average of $82.75 and a 200-day moving average of $74.06. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock has a market cap of $13.75 billion, a PE ratio of 32.57, a P/E/G ratio of 0.95 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.15 EPS. As a group, equities research analysts forecast that Performance Food Group will post 4.73 earnings per share for the current year.

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.