Capital World Investors Raises Stock Holdings in Performance Food Group (NYSE:PFGC)

Capital World Investors lifted its holdings in Performance Food Group (NYSE:PFGC) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,878,285 shares of the food distribution company’s stock after buying an additional 157,987 shares during the quarter. Capital World Investors owned approximately 14.00% of Performance Food Group worth $1,849,809,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of Performance Food Group during the third quarter valued at approximately $2,185,000. Wilmington Savings Fund Society FSB purchased a new position in Performance Food Group during the third quarter valued at $154,000. Franklin Resources Inc. boosted its holdings in Performance Food Group by 1.1% in the third quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company’s stock worth $18,305,000 after acquiring an additional 2,417 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after acquiring an additional 401,235 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Performance Food Group by 46.1% during the fourth quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company’s stock valued at $143,000 after acquiring an additional 533 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Up 1.4 %

Shares of NYSE:PFGC opened at $75.93 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $78.97 and its 200 day moving average is $83.18. The stock has a market cap of $11.86 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. Sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of recent analyst reports. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays reduced their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley raised their price objective 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. Five research analysts have rated the stock with a hold rating and eight 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 $95.73.

Performance Food Group 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.