Counterpoint Mutual Funds LLC acquired a new stake in Performance Food Group (NYSE:PFGC – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,215 shares of the food distribution company’s stock, valued at approximately $695,000.
Several other large investors also recently modified their holdings of PFGC. CIBC Asset Management Inc grew its stake in Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after purchasing an additional 139 shares during the period. Coldstream Capital Management Inc. lifted its stake in Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after buying an additional 142 shares during the period. Highland Capital Management LLC boosted its holdings in shares of Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after buying an additional 183 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 buying an additional 212 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Performance Food Group by 1.1% in the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock valued at $1,597,000 after acquiring an additional 213 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Performance Food Group Price Performance
Shares of NYSE PFGC opened at $76.66 on Monday. The company has a market capitalization of $11.98 billion, a PE ratio of 30.91, a PEG ratio of 0.96 and a beta of 1.40. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average price is $85.00 and its 200-day moving average price is $83.11. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.
Analyst Upgrades and Downgrades
A number of research firms have commented on PFGC. Barclays reduced their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Morgan Stanley boosted their target price on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target on the stock. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Melius Research upgraded shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.
Check Out Our Latest Research Report on PFGC
Insider Activity at Performance Food Group
In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the sale, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by company insiders.
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.
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