First Trust Advisors LP Grows Position in Performance Food Group (NYSE:PFGC)

First Trust Advisors LP lifted its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,811 shares of the food distribution company's stock after purchasing an additional 99,108 shares during the quarter. First Trust Advisors LP owned about 0.17% of Performance Food Group worth $22,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisory Research Inc. raised its position in Performance Food Group by 1.2% during the fourth quarter. Advisory Research Inc. now owns 150,131 shares of the food distribution company's stock worth $12,694,000 after acquiring an additional 1,759 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Performance Food Group by 10.9% during the 4th quarter. NewEdge Advisors LLC now owns 8,271 shares of the food distribution company's stock worth $699,000 after purchasing an additional 815 shares during the last quarter. Mariner LLC lifted its stake in Performance Food Group by 4.2% in the 4th quarter. Mariner LLC now owns 11,924 shares of the food distribution company's stock valued at $1,008,000 after buying an additional 480 shares in the last quarter. Barclays PLC grew its holdings in Performance Food Group by 39.4% during the 4th quarter. Barclays PLC now owns 131,501 shares of the food distribution company's stock valued at $11,118,000 after buying an additional 37,180 shares during the last quarter. Finally, Seeds Investor LLC increased its position in Performance Food Group by 24.3% during the fourth quarter. Seeds Investor LLC now owns 4,179 shares of the food distribution company's stock worth $353,000 after buying an additional 817 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFGC has been the topic of a number of analyst reports. Barclays decreased their price objective on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five investment 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 has an average rating of "Moderate Buy" and an average price target of $95.09.

Performance Food Group Trading Up 1.1 %

NYSE PFGC traded up $0.88 during trading hours on Tuesday, hitting $80.45. 985,619 shares of the company's stock were exchanged, compared to its average volume of 1,119,360. The business's 50 day moving average is $78.00 and its 200-day moving average is $83.22. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The firm has a market capitalization of $12.57 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.58% and a net margin of 0.64%. As a group, analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group 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.