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

Victory Capital Management Inc. raised its stake in Performance Food Group (NYSE:PFGC) by 154.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,910,406 shares of the food distribution company’s stock after buying an additional 2,371,818 shares during the period. Victory Capital Management Inc.’s holdings in Performance Food Group were worth $330,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFGC. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group during the 3rd quarter valued at $26,000. Venturi Wealth Management LLC raised its position in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 274 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Performance Food Group in the fourth quarter valued at about $42,000. Blue Trust Inc. boosted its stake 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 valued at $42,000 after purchasing an additional 212 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings 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 during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 1.8 %

PFGC opened at $81.51 on Wednesday. The company has a market cap of $12.73 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a fifty day moving average price of $86.19 and a two-hundred day moving average price of $82.93. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

Performance Food Group (NYSE:PFGC) last posted 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%. Analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PFGC. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley lifted 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 report on Tuesday, January 21st. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Guggenheim upped their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.73.

Insider Buying and Selling

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 transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

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.