CIBC Asset Management Inc Buys 247 Shares of Performance Food Group (NYSE:PFGC)

CIBC Asset Management Inc grew its stake in Performance Food Group (NYSE:PFGC) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,761 shares of the food distribution company’s stock after buying an additional 247 shares during the quarter. CIBC Asset Management Inc’s holdings in Performance Food Group were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Performance Food Group in the third quarter valued at about $26,000. Venturi Wealth Management LLC boosted its stake in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 274 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group in the fourth quarter worth about $42,000. Finally, V Square Quantitative Management LLC grew its position in shares of Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after purchasing an additional 239 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several recent analyst reports. Barclays dropped their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Stock Down 3.3 %

NYSE PFGC opened at $81.76 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 0.96 and a beta of 1.44. The company has a fifty day moving average of $86.57 and a two-hundred day moving average of $82.24.

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