4,784 Shares in Performance Food Group (NYSE:PFGC) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in Performance Food Group (NYSE:PFGC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,784 shares of the food distribution company's stock, valued at approximately $404,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Performance Food Group during the 3rd quarter worth $26,000. Venturi Wealth Management LLC increased its holdings in Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after purchasing an additional 274 shares during the period. Central Pacific Bank Trust Division bought a new stake in Performance Food Group during the 4th quarter valued at $42,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after buying an additional 239 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research reports. Truist Financial raised their price target on Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, November 8th. UBS Group raised their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. Finally, Guggenheim boosted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Stock Down 3.1 %

NYSE PFGC traded down $2.63 on Friday, hitting $81.91. The stock had a trading volume of 849,856 shares, compared to its average volume of 1,174,446. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The business's fifty day moving average price is $86.71 and its 200 day moving average price is $81.87. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44.

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

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares of the company's stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company's stock.

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.