Raymond James Financial Inc. Buys New Shares in Performance Food Group (NYSE:PFGC)

Raymond James Financial Inc. acquired a new stake in shares of Performance Food Group (NYSE:PFGC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 199,057 shares of the food distribution company's stock, valued at approximately $16,830,000. Raymond James Financial Inc. owned approximately 0.13% of Performance Food Group as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group during the fourth quarter worth about $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $42,000. Blue Trust Inc. raised its position in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC raised its position in shares of Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after purchasing an additional 239 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays cut their price objective on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.09.

Performance Food Group Price Performance

Shares of NYSE:PFGC traded up $2.10 during trading on Wednesday, reaching $79.96. The company had a trading volume of 1,254,667 shares, compared to its average volume of 1,115,004. The firm's fifty day moving average is $78.56 and its 200 day moving average is $83.18. 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 has a market capitalization of $12.49 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its 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%. On average, equities analysts forecast that Performance Food Group will post 4.58 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.