Quantinno Capital Management LP Grows Holdings in Performance Food Group (NYSE:PFGC)

Quantinno Capital Management LP grew its position in shares of Performance Food Group (NYSE:PFGC) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,668 shares of the food distribution company’s stock after buying an additional 4,486 shares during the quarter. Quantinno Capital Management LP’s holdings in Performance Food Group were worth $1,150,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PFGC. Assenagon Asset Management S.A. purchased a new position in Performance Food Group in the second quarter valued at about $6,843,000. Aigen Investment Management LP raised its position in shares of Performance Food Group by 56.1% during the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock worth $1,330,000 after purchasing an additional 6,099 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Performance Food Group in the third quarter valued at $3,032,000. Natixis Advisors LLC boosted its stake in shares of Performance Food Group by 14.2% during the 3rd quarter. Natixis Advisors LLC now owns 221,544 shares of the food distribution company’s stock worth $17,363,000 after purchasing an additional 27,586 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after acquiring an additional 469,500 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets raised their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial upped their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price objective on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.27.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now directly owns 192,868 shares of the company’s stock, valued at $17,026,387.04. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Stock Performance

Performance Food Group stock opened at $88.21 on Friday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The firm’s fifty day moving average price is $84.32 and its 200 day moving average price is $74.91.

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 (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter last year, the business earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts forecast that Performance Food Group will post 4.73 EPS for the current fiscal year.

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.