Charles Schwab Investment Management Inc. Has $103.26 Million Stock Position in Performance Food Group (NYSE:PFGC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,221,325 shares of the food distribution company's stock after purchasing an additional 26,925 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of Performance Food Group worth $103,263,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC raised its stake in Performance Food Group by 26.3% during the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock valued at $1,043,293,000 after buying an additional 2,773,547 shares in the last quarter. State Street Corp raised its position in shares of Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock valued at $360,197,000 after acquiring an additional 97,069 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Holocene Advisors LP lifted its stake in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock worth $234,174,000 after purchasing an additional 724,094 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Performance Food Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock worth $202,803,000 after purchasing an additional 36,385 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Melius assumed coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price target on the stock. Melius Research upgraded Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.73.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares of the company's stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.80% of the stock is owned by insiders.

Performance Food Group Price Performance

PFGC traded down $2.67 on Thursday, reaching $74.93. The company had a trading volume of 940,097 shares, compared to its average volume of 1,054,581. The company has a market capitalization of $11.71 billion, a P/E ratio of 30.21, a PEG ratio of 0.96 and a beta of 1.40. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $85.34 and a 200-day moving average of $83.03. Performance Food Group has a one year low of $61.60 and a one year high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities research analysts anticipate that Performance Food Group will post 4.58 earnings per share 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 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.