Primecap Management Co. CA Takes $11.23 Million Position in Performance Food Group (NYSE:PFGC)

Primecap Management Co. CA purchased a new position in Performance Food Group (NYSE:PFGCFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 162,400 shares of the food distribution company’s stock, valued at approximately $11,230,000. Primecap Management Co. CA owned 0.10% of Performance Food Group as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. bought a new position in Performance Food Group in the 4th quarter worth about $29,000. GAMMA Investing LLC purchased a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $29,000. Signaturefd LLC raised its holdings in Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Headlands Technologies LLC bought a new stake in Performance Food Group in the 4th quarter worth about $48,000. Finally, Fifth Third Bancorp boosted its holdings in Performance Food Group by 23.0% in the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded down $0.68 during trading hours on Friday, reaching $69.67. The stock had a trading volume of 746,376 shares, compared to its average volume of 1,439,677. The stock’s 50 day moving average is $71.40 and its 200 day moving average is $70.42. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The firm has a market capitalization of $10.84 billion, a PE ratio of 26.00, a PEG ratio of 1.01 and a beta of 1.40.

Performance Food Group (NYSE:PFGCGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Equities analysts expect that Performance Food Group will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

PFGC has been the subject of several recent research reports. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Barclays cut their price objective on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. BMO Capital Markets raised their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stephens raised their price objective on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley increased their price target on Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.14.

Get Our Latest Analysis on PFGC

Performance Food Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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