Performance Food Group (NYSE:PFGC) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in Performance Food Group (NYSE:PFGC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,259 shares of the food distribution company’s stock after purchasing an additional 12,777 shares during the quarter. Performance Food Group comprises about 1.0% of GW&K Investment Management LLC’s portfolio, making the stock its 8th biggest position. GW&K Investment Management LLC owned approximately 0.88% of Performance Food Group worth $115,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group in the 3rd quarter valued at $26,000. Venturi Wealth Management LLC lifted its position in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. Central Pacific Bank Trust Division bought a new position in Performance Food Group during the fourth quarter worth $42,000. Finally, V Square Quantitative Management LLC grew its holdings 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 worth $60,000 after purchasing an additional 239 shares during the period. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PFGC. Morgan Stanley upped their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. BMO Capital Markets raised their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Guggenheim upped their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, 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 report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $82.81 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock has a market cap of $12.94 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The stock’s fifty day simple moving average is $86.27 and its two-hundred day simple moving average is $82.49. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

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

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

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.