Performance Food Group Company $PFGC Stock Holdings Increased by Close Asset Management Ltd

Close Asset Management Ltd lifted its holdings in Performance Food Group Company (NYSE:PFGC) by 7.5% during the third quarter, Holdings Channel reports. The fund owned 2,080,377 shares of the food distribution company’s stock after buying an additional 145,387 shares during the quarter. Performance Food Group makes up 4.8% of Close Asset Management Ltd’s holdings, making the stock its 6th largest holding. Close Asset Management Ltd’s holdings in Performance Food Group were worth $216,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new position in shares of Performance Food Group in the 3rd quarter valued at about $1,666,000. Norges Bank acquired a new stake in Performance Food Group during the second quarter worth about $163,954,000. Braun Stacey Associates Inc. purchased a new position in Performance Food Group during the third quarter valued at approximately $13,055,000. Strs Ohio lifted its holdings in Performance Food Group by 54.4% in the third quarter. Strs Ohio now owns 149,751 shares of the food distribution company’s stock valued at $15,580,000 after acquiring an additional 52,734 shares during the period. Finally, Primecap Management Co. CA boosted its position in Performance Food Group by 22.1% in the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after purchasing an additional 465,807 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

NYSE PFGC opened at $95.98 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $93.59 and its 200-day simple moving average is $97.47. The company has a market cap of $15.05 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. The firm had revenue of $16.44 billion during the quarter, compared to analyst estimates of $16.54 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PFGC shares. UBS Group cut their target price on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Finally, Piper Sandler reduced their price target on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.44.

Insiders Place Their Bets

In related news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the transaction, the insider directly owned 6,601 shares in the company, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.