Performance Food Group (NYSE:PFGC) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA boosted its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,103,380 shares of the food distribution company's stock after buying an additional 5,050 shares during the quarter. Primecap Management Co. CA owned 1.35% of Performance Food Group worth $177,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PFGC. JPMorgan Chase & Co. grew its position in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $2,772,000. State Street Corp grew its position in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock valued at $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $3,032,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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Performance Food Group Trading Up 1.1 %

NYSE:PFGC traded up $0.87 during trading hours on Friday, reaching $76.84. 1,891,737 shares of the company were exchanged, compared to its average volume of 1,061,064. 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 firm has a market cap of $12.00 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The stock has a 50 day simple moving average of $84.18 and a 200 day simple moving average of $83.06.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted 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 16.58% and a net margin of 0.64%. As a group, analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of several research reports. Barclays lowered their price target on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a "hold" rating and a $95.00 price objective on the stock. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

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.