Performance Food Group (NYSE:PFGC) Shares Acquired by Junto Capital Management LP

Junto Capital Management LP boosted its position in shares of Performance Food Group (NYSE:PFGC) by 419.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,406,080 shares of the food distribution company’s stock after purchasing an additional 1,135,641 shares during the period. Performance Food Group makes up 2.3% of Junto Capital Management LP’s portfolio, making the stock its 12th biggest position. Junto Capital Management LP owned 0.90% of Performance Food Group worth $118,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group during the fourth quarter worth about $26,000. Blue Trust Inc. raised its position in shares of Performance Food Group by 64.6% in the 4th 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. V Square Quantitative Management LLC grew its position 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 buying an additional 239 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Performance Food Group by 69.1% in the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after buying an additional 313 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in Performance Food Group by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 1.2 %

NYSE:PFGC opened at $84.42 on Friday. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 0.96 and a beta of 1.13. 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 1 year low of $61.60 and a 1 year high of $92.44. The business has a fifty day moving average of $77.90 and a 200-day moving average of $83.20.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Equities analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays increased their target price on Performance Food Group from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price target on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Truist Financial reduced their price objective on Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus target price of $95.55.

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.