Wellington Management Group LLP Has $330.56 Million Stake in Performance Food Group (NYSE:PFGC)

Wellington Management Group LLP grew its position in Performance Food Group (NYSE:PFGC - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,909,635 shares of the food distribution company's stock after purchasing an additional 147,080 shares during the quarter. Wellington Management Group LLP owned approximately 2.50% of Performance Food Group worth $330,560,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in Performance Food Group by 6.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,222 shares of the food distribution company's stock valued at $949,000 after buying an additional 687 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Performance Food Group by 10.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 23,336 shares of the food distribution company's stock valued at $1,973,000 after acquiring an additional 2,237 shares during the period. Norges Bank acquired a new stake in shares of Performance Food Group in the fourth quarter worth $164,471,000. Zions Bancorporation N.A. increased its position in Performance Food Group by 21.1% during the fourth quarter. Zions Bancorporation N.A. now owns 35,679 shares of the food distribution company's stock worth $3,017,000 after acquiring an additional 6,213 shares during the period. Finally, Bridge City Capital LLC raised its stake in Performance Food Group by 7.9% during the 4th quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company's stock valued at $7,985,000 after purchasing an additional 6,918 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of 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. Melius Research upgraded Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. Melius assumed coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price objective for the company. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays cut their target price on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

Performance Food Group Price Performance

Performance Food Group stock traded down $2.66 during trading hours on Friday, hitting $73.39. 1,699,899 shares of the stock were exchanged, compared to its average volume of 1,108,284. The stock has a market capitalization of $11.46 billion, a P/E ratio of 29.59, a P/E/G ratio of 0.96 and a beta of 1.40. The business's 50-day moving average is $82.19 and its two-hundred day moving average is $83.52. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal 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.