Tower Research Capital LLC TRC Buys 6,019 Shares of Performance Food Group (NYSE:PFGC)

Tower Research Capital LLC TRC grew its stake in Performance Food Group (NYSE:PFGC - Free Report) by 131.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,613 shares of the food distribution company's stock after acquiring an additional 6,019 shares during the period. Tower Research Capital LLC TRC's holdings in Performance Food Group were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Capital World Investors increased its position in Performance Food Group by 0.7% in the fourth quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock worth $1,849,809,000 after purchasing an additional 157,987 shares during the period. FMR LLC grew its position in shares of Performance Food Group by 0.6% during the 4th quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock worth $1,132,231,000 after buying an additional 78,855 shares during the period. Victory Capital Management Inc. raised its stake in shares of Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after buying an additional 2,371,818 shares during the last quarter. Wellington Management Group LLP grew its holdings in Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock worth $330,560,000 after acquiring an additional 147,080 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 valued at $298,794,000 after acquiring an additional 401,235 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on PFGC shares. Morgan Stanley raised their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Barclays lowered their price target on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. Five 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 an average rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Stock Up 1.1 %

PFGC traded up $0.88 during trading on Tuesday, reaching $80.45. 985,619 shares of the stock were exchanged, compared to its average volume of 1,119,361. The stock has a market cap of $12.57 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. 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 stock's 50 day moving average price is $78.00 and its two-hundred day moving average price is $83.22. 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 quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Equities analysts expect that Performance Food Group will post 4.58 EPS for the current year.

About Performance Food Group

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.