Invesco Ltd. Grows Position in Performance Food Group (NYSE:PFGC)

Invesco Ltd. lifted its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,719,075 shares of the food distribution company's stock after buying an additional 182,335 shares during the quarter. Invesco Ltd. owned approximately 1.10% of Performance Food Group worth $145,348,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PFGC. Polymer Capital Management US LLC bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $267,000. FMR LLC raised its stake in Performance Food Group by 0.6% during the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock valued at $1,132,231,000 after buying an additional 78,855 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Performance Food Group by 4.0% during the fourth quarter. Russell Investments Group Ltd. now owns 50,548 shares of the food distribution company's stock valued at $4,274,000 after buying an additional 1,932 shares during the last quarter. Bryce Point Capital LLC bought a new stake in Performance Food Group in the fourth quarter worth $554,000. Finally, National Bank of Canada FI grew its stake in shares of Performance Food Group by 3,451.8% in the fourth quarter. National Bank of Canada FI now owns 130,707 shares of the food distribution company's stock worth $11,051,000 after acquiring an additional 127,027 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Performance Food Group stock traded up $1.06 during mid-day trading on Friday, reaching $75.93. 1,024,762 shares of the stock traded hands, compared to its average volume of 1,115,486. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The business's 50-day moving average is $79.12 and its 200-day moving average is $83.19. 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 capitalization of $11.86 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PFGC. Morgan Stanley lifted their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays reduced their price target on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

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.