Performance Food Group (NYSE:PFGC) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,667,691 shares of the food distribution company's stock after acquiring an additional 125,532 shares during the period. Jennison Associates LLC owned 1.07% of Performance Food Group worth $141,003,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. FMR LLC lifted its holdings in shares of Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares during the period. State Street Corp lifted its holdings in shares of Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after acquiring an additional 97,069 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 401,235 shares during the period. Holocene Advisors LP lifted its holdings in shares of Performance Food Group by 32.0% during the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock worth $234,174,000 after acquiring an additional 724,094 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Performance Food Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock worth $202,803,000 after acquiring an additional 36,385 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PFGC has been the topic of several research reports. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Morgan Stanley raised their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. BMO Capital Markets raised their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Guggenheim raised their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $95.00.

Performance Food Group Stock Down 1.2 %

Shares of PFGC stock traded down $1.07 during mid-day trading on Thursday, reaching $87.15. 1,740,358 shares of the company were exchanged, compared to its average volume of 1,078,619. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The company has a market capitalization of $13.58 billion, a P/E ratio of 32.16, a P/E/G ratio of 0.97 and a beta of 1.44. The business's 50 day simple moving average is $87.32 and its 200 day simple moving average is $80.49.

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 for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Research analysts predict that Performance Food Group will post 4.74 earnings per share for the current year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company's stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.