Pinebridge Investments L.P. Has $3.86 Million Position in Performance Food Group (NYSE:PFGC)

Pinebridge Investments L.P. lifted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,691 shares of the food distribution company's stock after purchasing an additional 13,669 shares during the period. Pinebridge Investments L.P.'s holdings in Performance Food Group were worth $3,863,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new position in Performance Food Group in the fourth quarter worth about $26,000. Central Pacific Bank Trust Division bought a new position in Performance Food Group in the 4th quarter worth $42,000. Blue Trust Inc. raised its holdings in Performance Food Group by 64.6% in 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 raised its holdings in Performance Food Group by 51.4% in 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. Finally, UMB Bank n.a. raised its holdings in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 313 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PFGC shares. Barclays cut their price objective on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Trading Up 0.6 %

PFGC traded up $0.50 during trading on Thursday, hitting $81.16. The company's stock had a trading volume of 320,578 shares, compared to its average volume of 1,108,864. The firm's 50 day moving average price is $77.89 and its 200-day moving average price is $83.18. 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 stock has a market cap of $12.68 billion, a PE ratio of 32.75, a PEG ratio of 0.96 and a beta of 1.16. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, analysts expect that Performance Food Group will post 4.58 earnings per share for the current 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.