Performance Food Group (NYSE:PFGC) Shares Purchased by Capital World Investors

Capital World Investors increased its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,878,285 shares of the food distribution company's stock after acquiring an additional 157,987 shares during the quarter. Capital World Investors owned approximately 14.00% of Performance Food Group worth $1,849,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after acquiring an additional 401,235 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after buying an additional 371,078 shares in the last quarter. Jennison Associates LLC grew its holdings in Performance Food Group by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock worth $141,003,000 after acquiring an additional 125,532 shares during the period. Inspire Investing LLC acquired a new position in Performance Food Group during the fourth quarter worth $814,000. Finally, Proficio Capital Partners LLC purchased a new position in Performance Food Group in the fourth quarter worth $2,087,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of recent analyst reports. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays lowered their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday. Morgan Stanley boosted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.09.

Performance Food Group Trading Up 0.4 %

Shares of NYSE PFGC traded up $0.35 during midday trading on Thursday, hitting $80.24. The stock had a trading volume of 597,133 shares, compared to its average volume of 1,209,863. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 0.96 and a beta of 1.16. The company has a fifty day moving average price of $78.42 and a 200 day moving average price of $83.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, analysts predict that Performance Food Group will post 4.58 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.