Russell Investments Group Ltd. increased its stake in shares of Performance Food Group Co (NYSE:PFGC) by 14.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,913 shares of the food distribution company’s stock after acquiring an additional 19,639 shares during the period. Russell Investments Group Ltd. owned about 0.15% of Performance Food Group worth $6,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Performance Food Group during the second quarter worth about $54,000. NEXT Financial Group Inc raised its holdings in Performance Food Group by 12.9% during the second quarter. NEXT Financial Group Inc now owns 2,114 shares of the food distribution company’s stock worth $85,000 after acquiring an additional 242 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Performance Food Group during the second quarter worth about $185,000. Mercer Global Advisors Inc. ADV bought a new stake in Performance Food Group during the first quarter worth about $211,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Performance Food Group during the first quarter worth about $216,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Several research firms recently issued reports on PFGC. Buckingham Research upped their target price on Performance Food Group from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Loop Capital upped their price objective on Performance Food Group to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Co upped their price objective on Performance Food Group from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Zacks Investment Research upgraded Performance Food Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, BMO Capital Markets upped their price objective on Performance Food Group to $52.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Performance Food Group has an average rating of “Buy” and a consensus price target of $46.89.

In related news, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total transaction of $325,990.00. Following the sale, the insider now owns 138,406 shares of the company’s stock, valued at $6,445,567.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christine R. Vlahcevic sold 7,879 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $45.27, for a total value of $356,682.33. Following the completion of the sale, the insider now directly owns 19,807 shares in the company, valued at approximately $896,662.89. The disclosure for this sale can be found here. Insiders have sold 28,879 shares of company stock worth $1,271,022 in the last three months. 3.80% of the stock is currently owned by company insiders.

Shares of Performance Food Group stock traded up $0.22 on Friday, hitting $46.45. The stock had a trading volume of 3,879 shares, compared to its average volume of 632,451. Performance Food Group Co has a twelve month low of $28.05 and a twelve month high of $47.26. The business’s 50 day moving average is $44.92 and its two-hundred day moving average is $41.21. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. As a group, equities analysts predict that Performance Food Group Co will post 1.98 earnings per share for the current fiscal 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 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.

Featured Story: What are the qualifications of a portfolio manager?

Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group Co (NYSE:PFGC).

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

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.