Performance Food Group (NYSE:PFGC) is Eminence Capital LP’s 2nd Largest Position

Eminence Capital LP lifted its holdings in Performance Food Group (NYSE:PFGC) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,579,368 shares of the food distribution company’s stock after buying an additional 79,591 shares during the period. Performance Food Group makes up approximately 3.3% of Eminence Capital LP’s portfolio, making the stock its 2nd biggest holding. Eminence Capital LP owned 1.65% of Performance Food Group worth $218,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Performance Food Group in the third quarter valued at about $154,000. Franklin Resources Inc. raised its holdings in shares of Performance Food Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company’s stock worth $18,305,000 after purchasing an additional 2,417 shares during the period. JPMorgan Chase & Co. lifted its stake in Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. GAMMA Investing LLC grew its holdings in Performance Food Group by 46.1% during the fourth quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company’s stock valued at $143,000 after purchasing an additional 533 shares during the period. Finally, First Hawaiian Bank grew its holdings in Performance Food Group by 4.6% during the fourth quarter. First Hawaiian Bank now owns 9,819 shares of the food distribution company’s stock valued at $830,000 after purchasing an additional 429 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PFGC shares. Morgan Stanley upped their price target on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Barclays dropped their price objective on shares of Performance Food Group from $102.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.09.

Performance Food Group Trading Down 2.1 %

Performance Food Group stock opened at $80.92 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The stock has a market cap of $12.64 billion, a P/E ratio of 32.63, a PEG ratio of 0.96 and a beta of 1.13. The firm’s fifty day moving average price is $77.83 and its 200-day moving average price is $83.16.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. Equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.