Performance Food Group (NYSE:PFGC) is GW&K Investment Management LLC’s 8th Largest Position

GW&K Investment Management LLC boosted its position in Performance Food Group (NYSE:PFGC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,366,259 shares of the food distribution company’s stock after purchasing an additional 12,777 shares during the period. Performance Food Group comprises approximately 1.0% of GW&K Investment Management LLC’s portfolio, making the stock its 8th biggest holding. GW&K Investment Management LLC’s holdings in Performance Food Group were worth $115,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in shares of Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after buying an additional 2,773,547 shares during the last quarter. State Street Corp raised its stake in Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after acquiring an additional 97,069 shares during the period. JPMorgan Chase & Co. lifted its holdings in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Holocene Advisors LP boosted its position in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after purchasing an additional 724,094 shares during the period. Finally, Geode Capital Management LLC boosted its position in Performance Food Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock worth $202,803,000 after purchasing an additional 36,385 shares during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PFGC. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group raised their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Truist Financial boosted their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.73.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

NYSE:PFGC opened at $82.81 on Friday. The stock has a market cap of $12.94 billion, a P/E ratio of 33.39, a PEG ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $86.27 and its two-hundred day moving average price is $82.49. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC) last posted 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%. As a group, equities analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal 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.