Geode Capital Management LLC increased its position in Performance Food Group (NYSE:PFGC - Free Report) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,587,054 shares of the food distribution company's stock after purchasing an additional 36,385 shares during the period. Geode Capital Management LLC owned 1.66% of Performance Food Group worth $202,803,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Performance Food Group during the third quarter worth $26,000. Venturi Wealth Management LLC boosted its holdings in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after purchasing an additional 274 shares during the period. UMB Bank n.a. increased its stake in Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after purchasing an additional 365 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Performance Food Group during the second quarter worth about $30,000. 96.87% of the stock is owned by institutional investors.
Shares of PFGC stock opened at $88.65 on Monday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The business's fifty day moving average is $84.72 and its 200-day moving average is $75.23. The stock has a market cap of $13.81 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.
Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. Performance Food Group's revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Performance Food Group will post 4.73 earnings per share for the current fiscal year.
In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the transaction, the insider now directly owns 192,868 shares in the company, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company's stock.
Several equities research analysts have weighed in on the company. Truist Financial increased their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. UBS Group upped their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Piper Sandler lifted their target price on Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and an average price target of $94.27.
Check Out Our Latest Report on Performance Food Group
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.
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