Artemis Investment Management LLP Acquires 159,325 Shares of Performance Food Group (NYSE:PFGC)

Artemis Investment Management LLP increased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 121.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,478 shares of the food distribution company's stock after purchasing an additional 159,325 shares during the period. Artemis Investment Management LLP owned 0.19% of Performance Food Group worth $24,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock worth $1,043,293,000 after purchasing an additional 2,773,547 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Performance Food Group by 32.0% in the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock valued at $234,174,000 after buying an additional 724,094 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Performance Food Group by 29.1% during the 3rd quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company's stock valued at $164,446,000 after acquiring an additional 473,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company's stock valued at $142,170,000 after acquiring an additional 469,500 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PFGC has been the subject of several analyst reports. Barclays upped their target price on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock 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. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Finally, Piper Sandler boosted their target price on shares of Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Four equities research 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 a consensus rating of "Moderate Buy" and an average target price of $94.33.

Insider Activity at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares in the company, valued at $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.

Performance Food Group Price Performance

NYSE PFGC traded up $0.74 on Monday, reaching $87.76. The company's stock had a trading volume of 712,724 shares, compared to its average volume of 719,169. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm has a market cap of $13.67 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43. The business has a 50-day moving average price of $86.37 and a 200 day moving average price of $78.27.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter last year, the business earned $1.15 EPS. Performance Food Group's quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Performance Food Group will post 4.74 EPS for the current 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.