Knights of Columbus Asset Advisors LLC Has $8.96 Million Position in Performance Food Group (NYSE:PFGC)

Knights of Columbus Asset Advisors LLC raised its holdings in Performance Food Group (NYSE:PFGC) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,019 shares of the food distribution company’s stock after buying an additional 3,112 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.07% of Performance Food Group worth $8,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at $26,000. Xponance Inc. increased its stake in shares of Performance Food Group by 9.0% during the 4th quarter. Xponance Inc. now owns 20,416 shares of the food distribution company’s stock worth $1,726,000 after purchasing an additional 1,690 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of Performance Food Group during the 4th quarter worth about $254,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Performance Food Group during the 4th quarter worth about $695,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of Performance Food Group during the 4th quarter worth about $5,015,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PFGC. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Barclays lowered their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Performance

NYSE PFGC opened at $76.84 on Friday. 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 company has a market capitalization of $12.00 billion, a P/E ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The firm has a 50-day moving average price of $84.18 and a two-hundred day moving average price of $83.06.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current 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.