Smith Group Asset Management LLC Acquires 2,025 Shares of Performance Food Group (NYSE:PFGC)

Smith Group Asset Management LLC grew its holdings in Performance Food Group (NYSE:PFGC) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 248,134 shares of the food distribution company’s stock after acquiring an additional 2,025 shares during the quarter. Performance Food Group makes up about 1.5% of Smith Group Asset Management LLC’s holdings, making the stock its 29th biggest holding. Smith Group Asset Management LLC’s holdings in Performance Food Group were worth $20,980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PFGC. AQR Capital Management LLC lifted its holdings in shares of Performance Food Group by 82.0% in the 2nd quarter. AQR Capital Management LLC now owns 170,639 shares of the food distribution company’s stock worth $11,281,000 after buying an additional 76,891 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Performance Food Group by 1,006.4% in the second quarter. Mackenzie Financial Corp now owns 78,551 shares of the food distribution company’s stock valued at $5,193,000 after acquiring an additional 71,451 shares in the last quarter. Scientech Research LLC purchased a new stake in Performance Food Group in the second quarter worth about $232,000. Creative Planning boosted its stake in shares of Performance Food Group by 102.7% during the second quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock valued at $763,000 after purchasing an additional 5,849 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock valued at $469,000 after acquiring an additional 160 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PFGC shares. UBS Group raised their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial boosted their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets raised their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Melius initiated coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. Finally, Guggenheim lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $94.67.

Insider Transactions at Performance Food Group

In related 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Down 0.3 %

Shares of NYSE:PFGC opened at $90.03 on Wednesday. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $86.82 and a two-hundred day moving average of $79.36. The stock has a market cap of $14.03 billion, a P/E ratio of 33.22, a PEG ratio of 0.96 and a beta of 1.43.

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