Custom Index Systems LLC Buys 272 Shares of Performance Food Group (NYSE:PFGC)

Custom Index Systems LLC lifted its stake in shares of Performance Food Group (NYSE:PFGC) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,794 shares of the food distribution company’s stock after acquiring an additional 272 shares during the quarter. Custom Index Systems LLC’s holdings in Performance Food Group were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFGC. Highland Capital Management LLC lifted its holdings in Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after purchasing an additional 183 shares in the last quarter. Smith Group Asset Management LLC raised its position in shares of Performance Food Group by 0.8% during the 4th quarter. Smith Group Asset Management LLC now owns 248,134 shares of the food distribution company’s stock valued at $20,980,000 after purchasing an additional 2,025 shares during the period. KBC Group NV lifted its stake in shares of Performance Food Group by 46.5% during the 4th quarter. KBC Group NV now owns 6,017 shares of the food distribution company’s stock valued at $509,000 after buying an additional 1,911 shares in the last quarter. Blue Trust Inc. boosted its holdings in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Performance Food Group in the 4th quarter worth $814,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the transaction, the insider now directly owns 192,868 shares in the company, valued at approximately $17,026,387.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

PFGC has been the topic of several research analyst reports. Truist Financial boosted their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Guggenheim raised their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.67.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $90.38 on Friday. The firm has a fifty day simple moving average of $87.20 and a two-hundred day simple moving average of $79.70. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock 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. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44.

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 the consensus estimate 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 company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Performance Food Group will post 4.74 earnings per share 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.