Martingale Asset Management L P Buys 849 Shares of Performance Food Group (NYSE:PFGC)

Martingale Asset Management L P lifted its position in Performance Food Group (NYSE:PFGC) by 1.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 63,812 shares of the food distribution company’s stock after purchasing an additional 849 shares during the period. Martingale Asset Management L P’s holdings in Performance Food Group were worth $5,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after acquiring an additional 139 shares in the last quarter. Creative Planning grew its position in shares of Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after buying an additional 140 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after buying an additional 160 shares during the period. Cetera Investment Advisers grew its position in shares of Performance Food Group by 0.4% in the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after buying an additional 186 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PFGC. UBS Group upped their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Piper Sandler increased their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group increased their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $94.27.

Performance Food Group Stock Up 0.4 %

Shares of PFGC opened at $88.26 on Friday. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $89.73. The company has a market cap of $13.75 billion, a PE ratio of 32.57, a P/E/G ratio of 0.95 and a beta of 1.44. The business has a fifty day moving average of $82.53 and a 200 day moving average of $73.92. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. During the same quarter last year, the firm earned $1.15 EPS. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Performance Food Group will post 4.73 EPS for the current year.

Performance Food Group Company 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.