Quantinno Capital Management LP Has $1.15 Million Stock Position in Performance Food Group (NYSE:PFGC)

Quantinno Capital Management LP increased its position in shares of Performance Food Group (NYSE:PFGC) by 44.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,668 shares of the food distribution company’s stock after buying an additional 4,486 shares during the period. Quantinno Capital Management LP’s holdings in Performance Food Group were worth $1,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after purchasing an additional 2,773,547 shares during the last quarter. Holocene Advisors LP grew its holdings in Performance Food Group by 32.0% during 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 in the last quarter. Eminence Capital LP increased its holdings in shares of Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock worth $158,572,000 after purchasing an additional 164,472 shares during the period. Dimensional Fund Advisors LP raised its stake in Performance Food Group by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after purchasing an additional 469,500 shares in the last quarter. Finally, Primecap Management Co. CA raised its position in Performance Food Group by 29.1% during the third quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock valued at $164,446,000 after purchasing an additional 473,050 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PFGC shares. 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. Piper Sandler increased their target price on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.27.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the transaction, the insider now directly owns 192,868 shares in the company, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Down 0.8 %

NYSE:PFGC opened at $88.21 on Friday. The company’s 50-day simple moving average is $84.32 and its 200-day simple moving average is $74.91. The stock has a market capitalization of $13.74 billion, a P/E ratio of 32.55, a P/E/G ratio of 0.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same period in the prior year, the firm posted $1.15 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

About Performance Food Group

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.