Counterpoint Mutual Funds LLC Takes $695,000 Position in Performance Food Group (NYSE:PFGC)

Counterpoint Mutual Funds LLC purchased a new position in shares of Performance Food Group (NYSE:PFGC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,215 shares of the food distribution company’s stock, valued at approximately $695,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in shares of Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after acquiring an additional 139 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after purchasing an additional 142 shares during the last quarter. Highland Capital Management LLC boosted its position in Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 64.6% in 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 during the last quarter. Finally, M&T Bank Corp raised its position in shares of Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock valued at $1,597,000 after purchasing an additional 213 shares during the period. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PFGC. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Melius assumed coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective for the company. Barclays lowered their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. 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 research note on Tuesday, January 21st. Finally, Melius Research upgraded Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Insiders Place Their Bets

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Performance Food Group Stock Up 2.4 %

Shares of PFGC opened at $76.66 on Monday. The firm has a 50 day simple moving average of $85.00 and a two-hundred day simple moving average of $83.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a market cap of $11.98 billion, a P/E ratio of 30.91, a P/E/G ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. Research 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.