Chase Investment Counsel Corp Purchases Shares of 39,142 Performance Food Group (NYSE:PFGC)

Chase Investment Counsel Corp purchased a new stake in Performance Food Group (NYSE:PFGC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,142 shares of the food distribution company’s stock, valued at approximately $3,309,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after buying an additional 2,773,547 shares during the period. State Street Corp grew its holdings in Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after buying an additional 97,069 shares during the period. JPMorgan Chase & Co. grew its holdings in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the period. Holocene Advisors LP grew its holdings in Performance Food Group by 32.0% in the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after buying an additional 724,094 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Performance Food Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock valued at $202,803,000 after buying an additional 36,385 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PFGC has been the subject of a number of research reports. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley boosted their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. UBS Group boosted their target price on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Melius initiated coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Performance

Performance Food Group stock opened at $85.22 on Friday. The stock’s 50 day moving average price is $86.29 and its 200 day moving average price is $82.63. The firm has a market capitalization of $13.31 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a one year low of $61.60 and a one year high of $92.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, sell-side analysts expect that Performance Food Group will post 4.58 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.