Martingale Asset Management L P Buys 849 Shares of Performance Food Group (NYSE:PFGC)

Martingale Asset Management L P increased its stake in shares of Performance Food Group (NYSE:PFGC) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,812 shares of the food distribution company’s stock after acquiring an additional 849 shares during the quarter. Martingale Asset Management L P’s holdings in Performance Food Group were worth $5,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PFGC. Tidal Investments LLC boosted its stake in Performance Food Group by 15.3% during the first quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company’s stock worth $586,000 after acquiring an additional 1,042 shares in the last quarter. Virtu Financial LLC acquired a new position in Performance Food Group during the first quarter worth $354,000. Atria Investments Inc raised its holdings in Performance Food Group by 79.3% during the first quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company’s stock worth $2,180,000 after buying an additional 12,919 shares during the last quarter. Cetera Investment Advisers raised its holdings in Performance Food Group by 257.2% during the first quarter. Cetera Investment Advisers now owns 45,851 shares of the food distribution company’s stock worth $3,422,000 after buying an additional 33,015 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in Performance Food Group during the first quarter worth $546,000. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on PFGC. Guggenheim upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays upped their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial upped their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.27.

Performance Food Group Stock Up 0.4 %

Performance Food Group stock opened at $88.26 on Friday. The firm has a 50 day moving average price of $82.53 and a 200-day moving average price of $73.92. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $89.73. The company has a market capitalization of $13.75 billion, a P/E ratio of 32.57, a P/E/G ratio of 0.95 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. As a group, equities analysts predict that Performance Food Group will post 4.73 EPS for the current 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.