Holocene Advisors LP Boosts Position in Performance Food Group (NYSE:PFGC)

Holocene Advisors LP raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 32.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,988,053 shares of the food distribution company’s stock after buying an additional 724,094 shares during the quarter. Performance Food Group comprises approximately 0.9% of Holocene Advisors LP’s holdings, making the stock its 23rd largest holding. Holocene Advisors LP’s holdings in Performance Food Group were worth $234,174,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PFGC. FMR LLC boosted its stake in shares of Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after buying an additional 2,773,547 shares during the last quarter. Eminence Capital LP lifted its holdings in Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after acquiring an additional 164,472 shares during the period. Dimensional Fund Advisors LP boosted its position in Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after purchasing an additional 469,500 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Performance Food Group by 29.1% during the 3rd quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock worth $164,446,000 after purchasing an additional 473,050 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after purchasing an additional 372,218 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Trading Up 0.4 %

PFGC stock opened at $88.24 on Monday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $89.73. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 0.95 and a beta of 1.44. The business’s 50-day moving average is $82.53 and its 200 day moving average is $73.96. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. On average, sell-side analysts anticipate that Performance Food Group will post 4.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PFGC shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Barclays increased their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.27.

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.