Geode Capital Management LLC Has $252.21 Million Stock Holdings in Performance Food Group Company $PFGC

Geode Capital Management LLC grew its position in Performance Food Group Company (NYSE:PFGC) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,803,918 shares of the food distribution company’s stock after purchasing an additional 36,031 shares during the period. Geode Capital Management LLC’s holdings in Performance Food Group were worth $252,207,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Performance Food Group by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after purchasing an additional 113 shares during the period. US Bancorp DE raised its holdings in Performance Food Group by 4.6% in the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after purchasing an additional 144 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock worth $243,000 after purchasing an additional 173 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Performance Food Group by 0.8% during the second quarter. Orion Porfolio Solutions LLC now owns 24,960 shares of the food distribution company’s stock worth $2,183,000 after acquiring an additional 189 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Performance Food Group by 8.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,385 shares of the food distribution company’s stock worth $214,000 after acquiring an additional 190 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. UBS Group dropped their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Barclays raised their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $96.19 on Wednesday. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The company has a 50-day simple moving average of $90.24 and a 200 day simple moving average of $92.07. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. Performance Food Group’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, sell-side analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total value of $283,620.00. Following the completion of the sale, the insider owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Erika T. Davis sold 1,750 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total transaction of $166,250.00. Following the completion of the sale, the insider directly owned 44,791 shares of the company’s stock, valued at $4,255,145. This represents a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,891 shares of company stock worth $1,232,460. 4.50% of the stock is currently owned by corporate insiders.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.