Performance Food Group (NYSE:PFGC) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA increased its position in Performance Food Group (NYSE:PFGC) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103,380 shares of the food distribution company’s stock after buying an additional 5,050 shares during the period. Primecap Management Co. CA owned about 1.35% of Performance Food Group worth $177,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its stake in Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after buying an additional 139 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock worth $329,000 after acquiring an additional 142 shares during the period. Highland Capital Management LLC boosted its position in shares of Performance Food Group by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after acquiring an additional 183 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% in 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. Finally, M&T Bank Corp grew its holdings in Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock valued at $1,597,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

PFGC opened at $76.60 on Wednesday. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 0.96 and a beta of 1.40. 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 company has a fifty day simple moving average of $84.70 and a 200 day simple moving average of $83.14.

Performance Food Group (NYSE:PFGC) last announced 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%. Equities research analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays decreased their price target 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. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley upped their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Melius assumed coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective on the stock. Finally, Melius Research raised shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were 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 in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.