NewEdge Advisors LLC Purchases 815 Shares of Performance Food Group (NYSE:PFGC)

NewEdge Advisors LLC grew its position in shares of Performance Food Group (NYSE:PFGC) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,271 shares of the food distribution company’s stock after purchasing an additional 815 shares during the quarter. NewEdge Advisors LLC’s holdings in Performance Food Group were worth $699,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock valued at $330,625,000 after buying an additional 2,371,818 shares during the period. Norges Bank bought a new stake in shares of Performance Food Group in the 4th quarter valued at about $164,471,000. JPMorgan Chase & Co. boosted its holdings in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after acquiring an additional 401,235 shares during the period. TimesSquare Capital Management LLC grew its position in Performance Food Group by 658.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock worth $38,902,000 after acquiring an additional 399,430 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after purchasing an additional 371,078 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Down 1.6 %

Shares of NYSE:PFGC opened at $79.46 on Friday. 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 52-week low of $61.60 and a 52-week high of $92.44. The firm has a market capitalization of $12.41 billion, a P/E ratio of 32.04, a P/E/G ratio of 0.96 and a beta of 1.16. The stock has a 50 day moving average price of $78.15 and a 200-day moving average price of $83.21.

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 (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%. As a group, equities research analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price 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 lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Barclays decreased their price objective on shares of Performance Food Group from $102.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $95.09.

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.