Counterpoint Mutual Funds LLC purchased a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,215 shares of the food distribution company's stock, valued at approximately $695,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position 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 buying an additional 401,235 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Performance Food Group in the 3rd quarter valued at $2,772,000. State Street Corp raised its stake in Performance Food Group by 2.2% in 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 during the period. Assenagon Asset Management S.A. lifted its holdings in Performance Food Group by 134.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Performance Food Group during the third quarter worth $3,032,000. Institutional investors own 96.87% of the company's stock.
Wall Street Analyst Weigh In
PFGC has been the topic of several research analyst reports. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Barclays reduced their price objective on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Melius Research upgraded Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. Finally, Melius initiated coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.
Get Our Latest Stock Analysis on PFGC
Performance Food Group Price Performance
Shares of NYSE PFGC traded up $0.87 during mid-day trading on Friday, reaching $76.84. The company had a trading volume of 1,891,737 shares, compared to its average volume of 1,059,338. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The business's 50-day simple moving average is $84.34 and its 200 day simple moving average is $83.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 0.96 and a beta of 1.40.
Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 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%. On average, research analysts predict that Performance Food Group will post 4.58 earnings per share for the current fiscal year.
About Performance Food Group
(
Free Report)
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.
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