Holocene Advisors LP Has $269.32 Million Holdings in Performance Food Group Company $PFGC

Holocene Advisors LP increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,078,977 shares of the food distribution company’s stock after purchasing an additional 244,793 shares during the quarter. Holocene Advisors LP owned 1.97% of Performance Food Group worth $269,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PFGC. Parkside Financial Bank & Trust raised its position in shares of Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock valued at $32,000 after buying an additional 123 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Performance Food Group by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after purchasing an additional 131 shares in the last quarter. Spirepoint Private Client LLC raised its position in Performance Food Group by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company’s stock valued at $619,000 after purchasing an additional 184 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Performance Food Group by 40.8% during the second quarter. CENTRAL TRUST Co now owns 690 shares of the food distribution company’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Performance Food Group by 8.7% in the 1st quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock valued at $222,000 after purchasing an additional 227 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PFGC shares. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a report on Tuesday, August 26th. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Monday. Piper Sandler lowered their price objective on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Sanford C. Bernstein assumed coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.10.

Performance Food Group Trading Down 1.5%

PFGC opened at $93.02 on Friday. The company’s 50 day moving average price is $97.28 and its two-hundred day moving average price is $96.87. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 1.14 and a beta of 0.94. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The company had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. Performance Food Group’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share. As a group, research analysts predict that Performance Food Group Company 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.