O Shaughnessy Asset Management LLC Grows Stake in Performance Food Group (NYSE:PFGC)

O Shaughnessy Asset Management LLC boosted its position in shares of Performance Food Group (NYSE:PFGC) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 11,222 shares of the food distribution company’s stock after buying an additional 687 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Performance Food Group were worth $949,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in shares of Performance Food Group by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock worth $329,000 after buying an additional 142 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of Performance Food Group by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. grew its position in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. M&T Bank Corp increased its stake in shares of Performance Food Group by 1.1% during the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock worth $1,597,000 after purchasing an additional 213 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in shares of Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PFGC. 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 on the stock. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Melius Research raised shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $71.57 on Tuesday. The business’s fifty day moving average price is $81.81 and its 200 day moving average price is $83.48. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $11.18 billion, a P/E ratio of 28.86, a PEG ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

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.