Junto Capital Management LP Has $118.88 Million Stake in Performance Food Group (NYSE:PFGC)

Junto Capital Management LP raised its position in shares of Performance Food Group (NYSE:PFGC) by 419.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,406,080 shares of the food distribution company’s stock after purchasing an additional 1,135,641 shares during the quarter. Performance Food Group accounts for 2.3% of Junto Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Junto Capital Management LP’s holdings in Performance Food Group were worth $118,884,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at about $26,000. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC lifted its position in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after buying an additional 239 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after buying an additional 313 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in shares of Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after acquiring an additional 226 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

NYSE PFGC opened at $84.42 on Friday. The stock has a 50-day simple moving average of $77.90 and a 200 day simple moving average of $83.20. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market capitalization of $13.19 billion, a PE ratio of 34.04, a P/E/G ratio of 0.96 and a beta of 1.13. 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 (NYSE:PFGC) last posted its quarterly earnings data 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). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Research analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PFGC shares. Truist Financial reduced their price objective on Performance Food Group from $104.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Performance Food Group from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com lowered 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 reduced their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average price target of $95.55.

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.