Performance Food Group (NYSE:PFGC) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 888,534 shares of the food distribution company's stock after acquiring an additional 339,024 shares during the period. Nuveen Asset Management LLC owned about 0.57% of Performance Food Group worth $75,126,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in Performance Food Group during the 4th quarter worth about $26,000. Blue Trust Inc. increased its holdings in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC increased its holdings in Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after purchasing an additional 239 shares during the period. UMB Bank n.a. increased its holdings in Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares during the period. Finally, J.Safra Asset Management Corp increased its holdings in Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PFGC shares. Citigroup started coverage on Performance Food Group in a report on Thursday. They set a "buy" rating on the stock. Piper Sandler downgraded 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. Barclays upped their price target on Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Truist Financial cut their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.55.

Performance Food Group Stock Up 1.2%

Shares of PFGC traded up $1.02 during mid-day trading on Friday, reaching $84.72. The company's stock had a trading volume of 1,253,526 shares, compared to its average volume of 1,108,514. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The stock has a market cap of $13.22 billion, a PE ratio of 34.16, a price-to-earnings-growth 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. The company's 50 day moving average is $79.80 and its 200 day moving average is $83.54.

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

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 19,113 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the sale, the insider now directly owns 152,293 shares of the company's stock, valued at $13,333,252.15. This represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.