Thompson Investment Management Inc. Has $10.09 Million Stock Position in Performance Food Group Company $PFGC

Thompson Investment Management Inc. lessened its stake in Performance Food Group Company (NYSE:PFGC) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,023 shares of the food distribution company’s stock after selling 8,020 shares during the quarter. Performance Food Group comprises 1.3% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 21st biggest position. Thompson Investment Management Inc. owned 0.06% of Performance Food Group worth $10,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Holocene Advisors LP increased its holdings in Performance Food Group by 8.6% in the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock valued at $269,318,000 after buying an additional 244,793 shares during the period. Primecap Management Co. CA boosted its position in shares of Performance Food Group by 22.1% during the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after acquiring an additional 465,807 shares in the last quarter. Bain Capital Public Equity Management II LLC boosted its position in shares of Performance Food Group by 14.1% during the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock worth $186,982,000 after acquiring an additional 293,837 shares in the last quarter. Eminence Capital LP increased its stake in Performance Food Group by 6.7% in the second quarter. Eminence Capital LP now owns 2,250,830 shares of the food distribution company’s stock valued at $196,880,000 after acquiring an additional 141,864 shares during the last quarter. Finally, Norges Bank acquired a new position in Performance Food Group during the second quarter valued at approximately $163,954,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PFGC shares. Piper Sandler decreased their price target on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Sanford C. Bernstein began coverage on Performance Food Group in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 target price on the stock. UBS Group reissued a “buy” rating and set a $120.00 target price on shares of Performance Food Group in a research note on Friday, December 19th. Guggenheim restated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Finally, Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.22.

Performance Food Group Stock Performance

Performance Food Group stock opened at $91.78 on Friday. The business has a 50 day moving average of $95.52 and a 200-day moving average of $97.22. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $109.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The company has a market capitalization of $14.39 billion, a P/E ratio of 44.12, a P/E/G ratio of 1.11 and a beta of 0.94.

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

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.