Performance Food Group (NYSE:PFGC) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC lifted its stake in shares of Performance Food Group (NYSE:PFGC) by 6.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,915 shares of the food distribution company’s stock after buying an additional 183 shares during the quarter. Highland Capital Management LLC’s holdings in Performance Food Group were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares in the last quarter. State Street Corp grew its stake in Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after purchasing an additional 97,069 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Holocene Advisors LP raised its stake in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after buying an additional 724,094 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Performance Food Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock worth $202,803,000 after buying an additional 36,385 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.6 %

Shares of Performance Food Group stock opened at $90.38 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 market capitalization of $14.08 billion, a P/E ratio of 33.35, a PEG ratio of 0.98 and a beta of 1.43. The business’s fifty day moving average price is $87.20 and its two-hundred day moving average price is $79.70. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 earnings per share. As a group, research analysts forecast that Performance Food Group will post 4.74 EPS for the current year.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PFGC shares. Barclays upped their price target on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.67.

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.