GW&K Investment Management LLC Buys 12,777 Shares of Performance Food Group (NYSE:PFGC)

GW&K Investment Management LLC lifted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,366,259 shares of the food distribution company's stock after purchasing an additional 12,777 shares during the quarter. Performance Food Group accounts for about 1.0% of GW&K Investment Management LLC's investment portfolio, making the stock its 8th largest holding. GW&K Investment Management LLC owned 0.88% of Performance Food Group worth $115,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its stake in Performance Food Group by 1.2% during the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock valued at $916,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. lifted 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 acquiring an additional 242 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Performance Food Group by 23.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,048 shares of the food distribution company's stock worth $709,000 after acquiring an additional 1,689 shares in the last quarter. International Assets Investment Management LLC boosted its position in Performance Food Group by 701.5% during the 3rd quarter. International Assets Investment Management LLC now owns 12,696 shares of the food distribution company's stock worth $995,000 after acquiring an additional 11,112 shares during the period. Finally, abrdn plc grew its stake in Performance Food Group by 7.5% during the 3rd quarter. abrdn plc now owns 17,050 shares of the food distribution company's stock valued at $1,336,000 after acquiring an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

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Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PFGC shares. Barclays decreased 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 report on Thursday, February 6th. Melius initiated coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Guggenheim lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets raised their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Price Performance

Shares of PFGC stock traded down $1.49 during mid-day trading on Tuesday, reaching $81.51. The company's stock had a trading volume of 815,061 shares, compared to its average volume of 1,166,014. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The firm's 50-day moving average is $86.27 and its two-hundred day moving average is $82.88. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market cap of $12.73 billion, a P/E ratio of 32.86, a PEG ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. On average, research analysts predict that Performance Food Group will post 4.58 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.