Performance Food Group (NYSE:PFGC) Stock Holdings Increased by Earnest Partners LLC

Earnest Partners LLC increased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 765,109 shares of the food distribution company's stock after purchasing an additional 19,779 shares during the period. Earnest Partners LLC owned 0.49% of Performance Food Group worth $64,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Performance Food Group by 0.7% in the fourth quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock valued at $1,849,809,000 after purchasing an additional 157,987 shares during the period. FMR LLC boosted its stake in Performance Food Group by 0.6% in the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock valued at $1,132,231,000 after acquiring an additional 78,855 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Performance Food Group by 154.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock valued at $330,625,000 after acquiring an additional 2,371,818 shares in the last quarter. Wellington Management Group LLP boosted its stake in Performance Food Group by 3.9% in the fourth quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock valued at $330,560,000 after acquiring an additional 147,080 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after buying an additional 401,235 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on PFGC. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Morgan Stanley raised their price objective on shares of 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. Barclays lowered their target price on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.09.

Performance Food Group Stock Performance

NYSE:PFGC traded up $0.64 during trading hours on Thursday, reaching $81.30. 1,036,860 shares of the stock were exchanged, compared to its average volume of 1,110,514. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a 50 day simple moving average of $77.89 and a 200-day simple moving average of $83.18. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The stock has a market capitalization of $12.70 billion, a P/E ratio of 32.78, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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, sell-side analysts forecast that Performance Food Group will post 4.58 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.