Performance Food Group (NYSE:PFGC) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its stake in shares of Performance Food Group (NYSE:PFGC) by 121.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,478 shares of the food distribution company’s stock after buying an additional 159,325 shares during the quarter. Artemis Investment Management LLP owned about 0.19% of Performance Food Group worth $24,560,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new position in Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its position in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $36,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $87.76 on Friday. The stock’s 50-day moving average is $86.37 and its two-hundred day moving average is $78.17. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts forecast that Performance Food Group will post 4.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several recent analyst reports. Truist Financial increased their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group raised their price objective on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Guggenheim boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $92.00 price objective on shares of Performance Food Group in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.33.

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.