Xponance Inc. Raises Stock Position in Performance Food Group (NYSE:PFGC)

Xponance Inc. boosted its position in shares of Performance Food Group (NYSE:PFGC) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,416 shares of the food distribution company’s stock after purchasing an additional 1,690 shares during the period. Xponance Inc.’s holdings in Performance Food Group were worth $1,726,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PFGC. Central Pacific Bank Trust Division purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $42,000. Blue Trust Inc. raised its stake in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after acquiring an additional 212 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 239 shares during the period. UMB Bank n.a. raised its stake in shares of Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after acquiring an additional 313 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after acquiring an additional 226 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Up 1.1 %

Shares of NYSE PFGC opened at $76.84 on Friday. 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 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The business has a 50-day moving average of $84.18 and a two-hundred day moving average of $83.13.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. On average, analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PFGC shares. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Melius began coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Barclays lowered their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.73.

About 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.