Barclays PLC Grows Stock Holdings in Performance Food Group (NYSE:PFGC)

Barclays PLC raised its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 131,501 shares of the food distribution company's stock after purchasing an additional 37,180 shares during the period. Barclays PLC owned approximately 0.08% of Performance Food Group worth $11,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. World Investment Advisors LLC bought a new position in Performance Food Group during the third quarter valued at approximately $2,185,000. Wilmington Savings Fund Society FSB bought a new position in shares of Performance Food Group during the 3rd quarter valued at $154,000. Franklin Resources Inc. boosted its stake in shares of Performance Food Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company's stock worth $18,305,000 after buying an additional 2,417 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 worth $298,794,000 after acquiring an additional 401,235 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Performance Food Group by 46.1% in the fourth quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company's stock worth $143,000 after acquiring an additional 533 shares during the period. Institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded down $1.31 on Friday, hitting $79.46. 1,054,805 shares of the company's stock traded hands, compared to its average volume of 1,120,108. The company's 50 day simple moving average is $78.15 and its 200-day simple moving average is $83.19. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its 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 return on equity of 16.58% and a net margin of 0.64%. As a group, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays dropped their price objective on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday. Morgan Stanley increased their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler cut shares of 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average price target of $95.09.

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.