Barclays PLC Purchases 37,180 Shares of Performance Food Group (NYSE:PFGC)

Barclays PLC grew its holdings in shares of Performance Food Group (NYSE:PFGC) by 39.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,501 shares of the food distribution company’s stock after buying an additional 37,180 shares during the period. Barclays PLC owned 0.08% of Performance Food Group worth $11,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in Performance Food Group by 0.6% during the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company’s stock worth $1,132,231,000 after acquiring an additional 78,855 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after purchasing an additional 2,371,818 shares in the last quarter. Wellington Management Group LLP increased its position in Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company’s stock valued at $330,560,000 after buying an additional 147,080 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Performance Food Group in the fourth quarter worth $164,471,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. Morgan Stanley raised their price objective 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. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays decreased 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. Finally, StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Stock Performance

PFGC opened at $75.39 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 0.96 and a beta of 1.16. The company’s 50 day moving average is $78.77 and its 200 day moving average is $83.22.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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, equities research analysts predict that Performance Food Group will post 4.58 EPS 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.