Performance Food Group (NYSE:PFGC) Stock Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,587,054 shares of the food distribution company's stock after acquiring an additional 36,385 shares during the quarter. Geode Capital Management LLC owned about 1.66% of Performance Food Group worth $202,803,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock worth $354,000 after acquiring an additional 139 shares during the last quarter. Creative Planning increased its holdings in shares of Performance Food Group by 1.2% in the third quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock worth $916,000 after buying an additional 140 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock valued at $469,000 after acquiring an additional 160 shares during the last quarter. Cetera Investment Advisers grew its position in Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock worth $3,044,000 after acquiring an additional 186 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after purchasing an additional 242 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $92.00 price target on shares of Performance Food Group in a report on Monday, October 28th. Barclays boosted their price target on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Piper Sandler boosted their target price on Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $94.27.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares in the company, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company's stock.

Performance Food Group Trading Down 0.1 %

Shares of PFGC stock traded down $0.12 on Monday, hitting $88.53. The stock had a trading volume of 968,620 shares, compared to its average volume of 1,027,527. The firm has a market capitalization of $13.79 billion, a P/E ratio of 32.71, a P/E/G ratio of 0.95 and a beta of 1.44. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The company's 50 day moving average price is $84.72 and its 200-day moving average price is $75.23.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. Analysts anticipate that Performance Food Group will post 4.73 earnings per share for the current 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.