Performance Food Group Company $PFGC Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its holdings in Performance Food Group Company (NYSE:PFGC) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,015 shares of the food distribution company’s stock after purchasing an additional 9,043 shares during the quarter. Texas Permanent School Fund Corp owned about 0.05% of Performance Food Group worth $7,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in Performance Food Group by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company’s stock valued at $311,899,000 after buying an additional 57,032 shares in the last quarter. Holocene Advisors LP boosted its holdings in Performance Food Group by 8.6% in the second quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock worth $269,318,000 after acquiring an additional 244,793 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Performance Food Group by 22.1% during the second quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after acquiring an additional 465,807 shares in the last quarter. Bain Capital Public Equity Management II LLC increased its holdings in shares of Performance Food Group by 14.1% during the first quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock valued at $186,982,000 after acquiring an additional 293,837 shares in the last quarter. Finally, Eminence Capital LP raised its position in shares of Performance Food Group by 6.7% in the 2nd quarter. Eminence Capital LP now owns 2,250,830 shares of the food distribution company’s stock valued at $196,880,000 after purchasing an additional 141,864 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $94.60 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 1.13 and a beta of 0.94. The firm’s 50 day simple moving average is $97.14 and its 200-day simple moving average is $97.04. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $17.08 billion during the quarter, compared to analysts’ expectations of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. Analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on PFGC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 8th. Piper Sandler dropped their price objective on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Barclays increased their price objective on Performance Food Group from $118.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.10.

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.