Advisors Asset Management Inc. Has $241,000 Holdings in Performance Food Group Co (PFGC)
Advisors Asset Management Inc. lowered its position in shares of Performance Food Group Co (NYSE:PFGC) by 29.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,564 shares of the restaurant operator’s stock after selling 2,775 shares during the quarter. Advisors Asset Management Inc.’s holdings in Performance Food Group were worth $241,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in Performance Food Group during the second quarter valued at approximately $219,000. NumerixS Investment Technologies Inc lifted its holdings in Performance Food Group by 57.5% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock valued at $234,000 after purchasing an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Performance Food Group by 620.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,419 shares of the restaurant operator’s stock valued at $236,000 after purchasing an additional 5,528 shares in the last quarter. Brown Advisory Inc. purchased a new position in Performance Food Group during the first quarter valued at approximately $200,000. Finally, Jane Street Group LLC purchased a new position in Performance Food Group during the second quarter valued at approximately $258,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Patrick T. Hagerty sold 8,083 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $33.20, for a total value of $268,355.60. Following the sale, the insider now owns 182,450 shares in the company, valued at $6,057,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carol A. O’connell sold 4,505 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $34.00, for a total transaction of $153,170.00. Following the completion of the sale, the insider now owns 20,891 shares in the company, valued at approximately $710,294. The disclosure for this sale can be found here. Insiders sold 68,294 shares of company stock worth $2,263,070 in the last 90 days. 3.80% of the stock is currently owned by company insiders.
Shares of PFGC opened at $32.63 on Friday. Performance Food Group Co has a fifty-two week low of $27.35 and a fifty-two week high of $39.45. The firm has a market capitalization of $3.44 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 7th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Performance Food Group had a net margin of 1.15% and a return on equity of 15.86%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. Performance Food Group’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts anticipate that Performance Food Group Co will post 1.74 EPS for the current 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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
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