Performance Food Group (NYSE:PFGC) Stake Boosted by Primecap Management Co. CA

Primecap Management Co. CA raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,103,380 shares of the food distribution company’s stock after purchasing an additional 5,050 shares during the period. Primecap Management Co. CA’s holdings in Performance Food Group were worth $177,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $254,000. Counterpoint Mutual Funds LLC acquired a new position in Performance Food Group during the 4th quarter valued at approximately $695,000. Picton Mahoney Asset Management bought a new position in Performance Food Group during the 4th quarter worth $5,015,000. First Eagle Investment Management LLC increased its position in Performance Food Group by 6.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,404 shares of the food distribution company’s stock worth $795,000 after buying an additional 600 shares during the period. Finally, Intact Investment Management Inc. lifted its stake in Performance Food Group by 41.2% in the fourth quarter. Intact Investment Management Inc. now owns 2,400 shares of the food distribution company’s stock valued at $203,000 after buying an additional 700 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFGC has been the subject of several recent research reports. Morgan Stanley upped 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. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Barclays decreased their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on 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 transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Performance Food Group Trading Down 0.6 %

Shares of Performance Food Group stock opened at $76.60 on Wednesday. The business has a fifty day simple moving average of $84.70 and a 200-day simple moving average of $83.14. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. 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 (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. On average, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal 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.