WCM Investment Management LLC Boosts Stock Position in Performance Food Group (NYSE:PFGC)

WCM Investment Management LLC increased its position in Performance Food Group (NYSE:PFGC - Free Report) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,296 shares of the food distribution company's stock after acquiring an additional 23,205 shares during the quarter. WCM Investment Management LLC owned about 0.17% of Performance Food Group worth $18,724,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Park Avenue Securities LLC lifted its position in Performance Food Group by 1.8% during the third quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company's stock valued at $616,000 after purchasing an additional 186 shares during the last quarter. Fifth Third Bancorp lifted its position in Performance Food Group by 23.0% during the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company's stock valued at $70,000 after purchasing an additional 189 shares during the last quarter. Utah Retirement Systems lifted its position in Performance Food Group by 2.5% during the fourth quarter. Utah Retirement Systems now owns 8,200 shares of the food distribution company's stock valued at $479,000 after purchasing an additional 200 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Performance Food Group by 3.0% during the fourth quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company's stock valued at $569,000 after purchasing an additional 240 shares during the last quarter. Finally, Toroso Investments LLC lifted its position in Performance Food Group by 5.1% during the third quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company's stock valued at $227,000 after purchasing an additional 254 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of several research analyst reports. StockNews.com upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Barclays lifted their price target on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Stephens lifted their price target on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Morgan Stanley lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, BMO Capital Markets lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

Performance Food Group Trading Down 2.8 %

Shares of NYSE PFGC traded down $2.00 during mid-day trading on Friday, hitting $69.22. The stock had a trading volume of 1,084,649 shares, compared to its average volume of 913,321. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The business has a 50 day moving average price of $74.42 and a two-hundred day moving average price of $67.72. The firm has a market cap of $10.77 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, equities analysts anticipate that Performance Food Group will post 4.26 EPS for the current fiscal year.

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.