First Eagle Investment Management LLC Buys 600 Shares of Performance Food Group (NYSE:PFGC)

First Eagle Investment Management LLC grew its stake in shares of Performance Food Group (NYSE:PFGC) by 6.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,404 shares of the food distribution company’s stock after acquiring an additional 600 shares during the quarter. First Eagle Investment Management LLC’s holdings in Performance Food Group were worth $795,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake in Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after acquiring an additional 2,773,547 shares during the last quarter. State Street Corp increased its stake in shares of Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Performance Food Group by 154.2% during 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 buying an additional 2,371,818 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in Performance Food Group by 32.0% in the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after buying an additional 724,094 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Price Performance

Shares of PFGC opened at $76.66 on Monday. The business has a 50-day moving average of $85.00 and a 200-day moving average of $83.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results 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 return on equity of 16.58% and a net margin of 0.64%. As a group, equities research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price objective on shares of 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. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. 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. Finally, Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the 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 transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.

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.