Stifel Financial Corp Acquires 130 Shares of Performance Food Group (NYSE:PFGC)

Stifel Financial Corp increased its holdings in shares of Performance Food Group (NYSE:PFGC) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,934 shares of the food distribution company’s stock after buying an additional 130 shares during the period. Stifel Financial Corp’s holdings in Performance Food Group were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Performance Food Group by 131.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,613 shares of the food distribution company’s stock valued at $897,000 after acquiring an additional 6,019 shares during the last quarter. MetLife Investment Management LLC increased its position in Performance Food Group by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 88,738 shares of the food distribution company’s stock valued at $7,503,000 after acquiring an additional 7,254 shares during the last quarter. Capital World Investors increased its position in Performance Food Group by 0.7% during the fourth quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company’s stock valued at $1,849,809,000 after acquiring an additional 157,987 shares during the last quarter. First Trust Advisors LP increased its position in Performance Food Group by 58.7% during the fourth quarter. First Trust Advisors LP now owns 267,811 shares of the food distribution company’s stock valued at $22,643,000 after acquiring an additional 99,108 shares during the last quarter. Finally, Advisory Research Inc. increased its position in Performance Food Group by 1.2% during the fourth quarter. Advisory Research Inc. now owns 150,131 shares of the food distribution company’s stock valued at $12,694,000 after acquiring an additional 1,759 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PFGC. Truist Financial reduced their price objective on Performance Food Group from $104.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays upped their price target on Performance Food Group from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.55.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $87.48 on Thursday. The stock has a 50 day moving average of $78.39 and a 200 day moving average of $83.30. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The firm has a market cap of $13.65 billion, a PE ratio of 35.27, a PEG ratio of 0.96 and a beta of 1.13. 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 (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Performance Food Group’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. On average, research analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal 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.