Junto Capital Management LP Has $114.93 Million Stock Position in Performance Food Group Company $PFGC

Junto Capital Management LP lowered its stake in shares of Performance Food Group Company (NYSE:PFGC) by 31.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,104,713 shares of the food distribution company’s stock after selling 497,599 shares during the period. Performance Food Group accounts for 2.4% of Junto Capital Management LP’s holdings, making the stock its 11th biggest position. Junto Capital Management LP owned about 0.70% of Performance Food Group worth $114,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in Performance Food Group in the third quarter valued at $1,666,000. Norges Bank acquired a new position in shares of Performance Food Group during the 2nd quarter worth about $163,954,000. Braun Stacey Associates Inc. acquired a new position in shares of Performance Food Group during the 3rd quarter worth about $13,055,000. Strs Ohio raised its holdings in shares of Performance Food Group by 54.4% in the 3rd quarter. Strs Ohio now owns 149,751 shares of the food distribution company’s stock valued at $15,580,000 after purchasing an additional 52,734 shares during the period. Finally, Primecap Management Co. CA raised its holdings in shares of Performance Food Group by 22.1% in the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after purchasing an additional 465,807 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the completion of the sale, the insider directly owned 6,601 shares in the company, valued at $607,490.03. The trade was a 21.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Performance Food Group Stock Up 1.1%

Shares of PFGC opened at $88.19 on Monday. The firm has a market cap of $13.83 billion, a P/E ratio of 40.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. The firm’s 50-day simple moving average is $93.43 and its 200 day simple moving average is $96.66.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The company had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.54 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PFGC. Morgan Stanley reduced their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Barclays cut their price objective on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Finally, UBS Group dropped their price target on Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.44.

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.