Tema Etfs LLC Grows Position in Performance Food Group Company $PFGC

Tema Etfs LLC grew its stake in Performance Food Group Company (NYSE:PFGC) by 35.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,665 shares of the food distribution company’s stock after acquiring an additional 5,959 shares during the quarter. Tema Etfs LLC’s holdings in Performance Food Group were worth $1,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC purchased a new stake in Performance Food Group in the 2nd quarter worth approximately $1,390,000. Triasima Portfolio Management inc. purchased a new stake in shares of Performance Food Group in the second quarter valued at $248,000. Norges Bank acquired a new position in Performance Food Group in the second quarter valued at $163,954,000. Strs Ohio purchased a new position in Performance Food Group during the first quarter worth about $7,524,000. Finally, Primecap Management Co. CA lifted its position in Performance Food Group by 22.1% during the second quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after buying an additional 465,807 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $92.88 on Friday. The business’s 50-day simple moving average is $98.50 and its 200 day simple moving average is $96.55. The company has a market cap of $14.56 billion, a P/E ratio of 44.65, a PEG ratio of 1.12 and a beta of 0.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.70 and a current ratio of 1.67. Performance Food Group Company has a one year low of $68.39 and a one year high of $109.05.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The company had revenue of $17.08 billion during the quarter, compared to the consensus estimate of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. Performance Food Group’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. On average, sell-side analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PFGC has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Monday. Piper Sandler lifted their price target on shares of Performance Food Group from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Performance Food Group in a report on Tuesday, August 26th. Finally, Barclays increased their target price on Performance Food Group from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.60.

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.