Holocene Advisors LP Has $269.32 Million Stake in Performance Food Group Company $PFGC

Holocene Advisors LP raised its position in shares of Performance Food Group Company (NYSE:PFGC) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,078,977 shares of the food distribution company’s stock after acquiring an additional 244,793 shares during the quarter. Holocene Advisors LP’s holdings in Performance Food Group were worth $269,318,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PFGC. Parkside Financial Bank & Trust boosted its position in shares of Performance Food Group by 51.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Performance Food Group by 658.0% in the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after acquiring an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Performance Food Group during the first quarter worth $44,000. Golden State Wealth Management LLC grew its holdings in Performance Food Group by 148.6% in the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after purchasing an additional 312 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 537 shares during the period. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Wall Street Zen cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Piper Sandler lowered their target price on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays lifted their price objective on shares of Performance Food Group from $118.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Sanford C. Bernstein began coverage on Performance Food Group in a report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $114.10.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $93.02 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $14.59 billion, a PE ratio of 44.72, a PEG ratio of 1.14 and a beta of 0.94. The stock’s 50 day moving average price is $97.28 and its 200-day moving average price is $96.87. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $17.08 billion for the quarter, compared to analysts’ expectations of $16.87 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

About Performance Food Group

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.