Net Worth Advisory Group Invests $716,000 in Performance Food Group Company $PFGC

Net Worth Advisory Group acquired a new stake in Performance Food Group Company (NYSE:PFGC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,960 shares of the food distribution company’s stock, valued at approximately $716,000.

Several other institutional investors have also recently added to or reduced their stakes in PFGC. Capital World Investors lifted its position in Performance Food Group by 0.8% during the third quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock worth $2,335,371,000 after buying an additional 185,624 shares during the period. Wellington Management Group LLP grew its holdings in Performance Food Group by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after buying an additional 1,964,799 shares during the period. Holocene Advisors LP grew its holdings in Performance Food Group by 8.6% in the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock valued at $269,318,000 after buying an additional 244,793 shares during the period. Invesco Ltd. increased its stake in shares of Performance Food Group by 79.1% during the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after acquiring an additional 1,168,869 shares during the last quarter. Finally, Eminence Capital LP increased its stake in shares of Performance Food Group by 6.7% during the 2nd quarter. Eminence Capital LP now owns 2,250,830 shares of the food distribution company’s stock valued at $196,880,000 after acquiring an additional 141,864 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

Performance Food Group stock opened at $83.03 on Friday. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $109.05. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68. The stock’s 50-day moving average is $92.03 and its 200-day moving average is $95.36.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). The firm had revenue of $16.44 billion for the quarter, compared to analysts’ expectations of $16.54 billion. Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PFGC shares. Citigroup decreased their target price on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Piper Sandler dropped their price target on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Finally, Morgan Stanley lowered their price objective on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.44.

Insiders Place Their Bets

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the sale, the insider directly owned 6,601 shares in the company, valued at $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.

About Performance Food Group

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.