WCM Investment Management LLC Increases Holdings in Performance Food Group Company $PFGC

WCM Investment Management LLC boosted its position in Performance Food Group Company (NYSE:PFGC) by 5.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 206,420 shares of the food distribution company’s stock after purchasing an additional 10,779 shares during the period. WCM Investment Management LLC’s holdings in Performance Food Group were worth $21,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Performance Food Group by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after acquiring an additional 184,066 shares during the period. Empowered Funds LLC purchased a new position in shares of Performance Food Group during the first quarter worth $359,000. QRG Capital Management Inc. lifted its position in Performance Food Group by 8.5% during the second quarter. QRG Capital Management Inc. now owns 5,053 shares of the food distribution company’s stock valued at $442,000 after purchasing an additional 397 shares during the period. DAVENPORT & Co LLC boosted its holdings in Performance Food Group by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 5,671 shares of the food distribution company’s stock valued at $496,000 after purchasing an additional 425 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Performance Food Group by 7.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,510 shares of the food distribution company’s stock worth $307,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.7%

Shares of NYSE PFGC opened at $94.76 on Tuesday. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. The company’s 50-day simple moving average is $93.22 and its 200-day simple moving average is $97.95. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. The company had revenue of $17.08 billion during the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.Performance Food Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Equities analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several analyst reports. Guggenheim reissued a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Citigroup decreased their price target on Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Morgan Stanley set a $123.00 target price on shares of Performance Food Group in a research note on Tuesday, January 20th. Finally, Piper Sandler dropped their price target on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.22.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.