Wellington Management Group LLP Boosts Stock Position in Performance Food Group (NYSE:PFGC)

Wellington Management Group LLP increased its stake in shares of Performance Food Group (NYSE:PFGC) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,909,635 shares of the food distribution company’s stock after buying an additional 147,080 shares during the quarter. Wellington Management Group LLP owned about 2.50% of Performance Food Group worth $330,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division purchased a new position in Performance Food Group in the fourth quarter worth approximately $42,000. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after acquiring an additional 212 shares during the last quarter. V Square Quantitative Management LLC raised its position in Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after purchasing an additional 239 shares during the period. Finally, UMB Bank n.a. lifted 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 purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

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

Performance Food Group Stock Up 1.1 %

Shares of Performance Food Group stock opened at $79.47 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a market capitalization of $12.41 billion, a P/E ratio of 32.04, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a 50 day moving average of $82.92 and a 200 day moving average of $83.49.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

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.