Xponance Inc. Has $1.75 Million Holdings in Performance Food Group (NYSE:PFGC)

Xponance Inc. reduced its stake in shares of Performance Food Group (NYSE:PFGC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,336 shares of the food distribution company’s stock after selling 1,024 shares during the quarter. Xponance Inc.’s holdings in Performance Food Group were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PFGC. Clearbridge Investments LLC raised its stake in Performance Food Group by 16.1% during the 3rd quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company’s stock valued at $373,684,000 after purchasing an additional 879,232 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Performance Food Group by 162.5% in the 3rd quarter. Earnest Partners LLC now owns 768,432 shares of the food distribution company’s stock valued at $45,230,000 after buying an additional 475,683 shares in the last quarter. Palestra Capital Management LLC raised its stake in shares of Performance Food Group by 25.1% in the 3rd quarter. Palestra Capital Management LLC now owns 2,259,010 shares of the food distribution company’s stock valued at $132,965,000 after buying an additional 453,453 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Performance Food Group by 333.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 504,311 shares of the food distribution company’s stock valued at $29,684,000 after buying an additional 387,869 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Performance Food Group by 225.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 528,462 shares of the food distribution company’s stock valued at $31,105,000 after buying an additional 365,997 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PFGC. Barclays increased their price objective on shares of Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Stephens increased their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets increased their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley increased their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Performance Food Group Trading Up 0.4 %

Shares of Performance Food Group stock opened at $69.28 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $10.78 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The company has a 50-day simple moving average of $73.90 and a 200 day simple moving average of $68.29.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Research analysts expect that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Performance Food Group Company 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.