Victory Capital Management Inc. Has $330.63 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Victory Capital Management Inc. raised its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 154.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,910,406 shares of the food distribution company's stock after acquiring an additional 2,371,818 shares during the quarter. Victory Capital Management Inc. owned about 2.51% of Performance Food Group worth $330,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Ashton Thomas Securities LLC bought a new position in Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its position in shares of Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after purchasing an additional 274 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group during the fourth quarter worth $42,000. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Performance Food Group by 51.4% during the fourth 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 in the last quarter. 96.87% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PFGC shares. Barclays reduced 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. Truist Financial lifted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Melius Research raised shares of Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Melius assumed coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company's stock.

Performance Food Group Stock Down 1.2 %

Shares of NYSE:PFGC traded down $0.91 during midday trading on Friday, reaching $77.80. 2,534,627 shares of the company were exchanged, compared to its average volume of 1,215,371. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The stock has a fifty day simple moving average of $85.84 and a two-hundred day simple moving average of $82.92. The firm has a market cap of $12.15 billion, a PE ratio of 31.37, a P/E/G ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, sell-side analysts forecast 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.