Knights of Columbus Asset Advisors LLC Has $8.96 Million Position in Performance Food Group (NYSE:PFGC)

Knights of Columbus Asset Advisors LLC increased its stake in shares of Performance Food Group (NYSE:PFGC) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,019 shares of the food distribution company’s stock after purchasing an additional 3,112 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Performance Food Group were worth $8,964,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after purchasing an additional 401,235 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Performance Food Group in the 3rd quarter valued at approximately $2,772,000. State Street Corp increased its position in Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after acquiring an additional 97,069 shares during the period. Assenagon Asset Management S.A. increased its position in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after acquiring an additional 371,078 shares during the period. Finally, Jennison Associates LLC increased its position in Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock valued at $141,003,000 after acquiring an additional 125,532 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PFGC shares. Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. 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 research note on Tuesday, January 21st. 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 research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Stock Up 1.1 %

Shares of Performance Food Group stock opened at $76.84 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 company’s fifty day simple moving average is $84.18 and its two-hundred day simple moving average is $83.06. The company has a market cap of $12.00 billion, a P/E ratio of 30.98, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. Research analysts anticipate that Performance Food Group will post 4.58 EPS for the current 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.