Nomura Holdings Inc. Makes New Investment in Performance Food Group (NYSE:PFGC)

Nomura Holdings Inc. bought a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 21,228 shares of the food distribution company's stock, valued at approximately $1,795,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC grew its holdings in Performance Food Group by 61.7% during the fourth quarter. Nuveen Asset Management LLC now owns 888,534 shares of the food distribution company's stock valued at $75,126,000 after purchasing an additional 339,024 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at $4,058,000. Junto Capital Management LP grew its stake in shares of Performance Food Group by 419.9% during the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock worth $118,884,000 after acquiring an additional 1,135,641 shares during the period. Ground Swell Capital LLC purchased a new stake in Performance Food Group in the 4th quarter worth about $659,000. Finally, Eminence Capital LP increased its holdings in Performance Food Group by 3.2% in the 4th quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company's stock worth $218,086,000 after acquiring an additional 79,591 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the transaction, the insider now owns 152,293 shares of the company's stock, valued at $13,333,252.15. The trade was a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.

Performance Food Group Price Performance

NYSE:PFGC traded up $0.92 during trading hours on Friday, hitting $84.62. The stock had a trading volume of 281,355 shares, compared to its average volume of 1,104,658. The company has a 50 day simple moving average of $79.64 and a two-hundred day simple moving average of $83.52. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 0.96 and a beta of 1.13. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a one year low of $61.60 and a one year high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. During the same quarter last year, the business posted $0.80 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. Research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PFGC. Citigroup assumed coverage on shares of Performance Food Group in a research report on Thursday. They issued a "buy" rating on the stock. Barclays lifted their price objective on shares of Performance Food Group from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Truist Financial dropped their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.55.

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.