Nuveen Asset Management LLC Purchases 339,024 Shares of Performance Food Group (NYSE:PFGC)

Nuveen Asset Management LLC increased its position in shares of Performance Food Group (NYSE:PFGC) by 61.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 888,534 shares of the food distribution company’s stock after acquiring an additional 339,024 shares during the period. Nuveen Asset Management LLC owned approximately 0.57% of Performance Food Group worth $75,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PFGC. JPMorgan Chase & Co. increased its holdings in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock worth $141,003,000 after buying an additional 125,532 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Performance Food Group in the 4th quarter worth $814,000. Proficio Capital Partners LLC bought a new position in shares of Performance Food Group in the 4th quarter worth $2,087,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Performance Food Group in the 4th quarter worth $3,697,000. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 19,113 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the sale, the insider now directly owns 152,293 shares of the company’s stock, valued at approximately $13,333,252.15. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Performance Food Group Trading Down 0.1%

Shares of PFGC opened at $88.01 on Friday. The stock has a market capitalization of $13.74 billion, a P/E ratio of 35.49, a PEG ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a fifty day simple moving average of $78.89 and a two-hundred day simple moving average of $83.40. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. On average, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PFGC shares. Morgan Stanley increased 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. Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Barclays increased their price target on shares of Performance Food Group from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Truist Financial decreased their price target on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.55.

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.