Geode Capital Management LLC Has $218.32 Million Position in Performance Food Group (NYSE:PFGC)

Geode Capital Management LLC cut its stake in Performance Food Group (NYSE:PFGC - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,581,322 shares of the food distribution company's stock after selling 5,732 shares during the period. Geode Capital Management LLC owned approximately 1.65% of Performance Food Group worth $218,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after buying an additional 2,371,818 shares during the last quarter. Norges Bank acquired a new position in Performance Food Group during the fourth quarter valued at approximately $164,471,000. JPMorgan Chase & Co. increased its position in shares of Performance Food Group by 11.8% during the 3rd 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. TimesSquare Capital Management LLC raised its stake in shares of Performance Food Group by 658.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company's stock worth $38,902,000 after purchasing an additional 399,430 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Performance Food Group by 134.7% in 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 buying an additional 371,078 shares during the last quarter. 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. Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Melius Research raised Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, Barclays reduced their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. 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 presently has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Price Performance

Shares of PFGC traded down $3.37 during midday trading on Thursday, hitting $74.70. The company's stock had a trading volume of 174,735 shares, compared to its average volume of 1,241,949. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company's fifty day simple moving average is $80.57 and its two-hundred day simple moving average is $83.33. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results 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 analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.