Performance Food Group Company $PFGC Position Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 210.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,806 shares of the food distribution company’s stock after acquiring an additional 5,973 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Performance Food Group were worth $916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP grew its position in Performance Food Group by 8.6% during the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock worth $269,318,000 after purchasing an additional 244,793 shares in the last quarter. Primecap Management Co. CA lifted its stake in 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 worth $224,930,000 after acquiring an additional 465,807 shares in the last quarter. Eminence Capital LP grew its stake in Performance Food Group by 6.7% during the 2nd 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 in the last quarter. Norges Bank purchased a new position in Performance Food Group during the 2nd quarter valued at about $163,954,000. Finally, Jennison Associates LLC increased its holdings in shares of Performance Food Group by 10.2% in the 2nd quarter. Jennison Associates LLC now owns 1,860,048 shares of the food distribution company’s stock valued at $162,698,000 after purchasing an additional 171,957 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Down 1.3%

Shares of PFGC stock opened at $96.35 on Tuesday. Performance Food Group Company has a one year low of $68.39 and a one 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 stock has a market cap of $15.11 billion, a P/E ratio of 46.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93. The stock has a fifty day moving average price of $93.14 and a 200 day moving average price of $97.80.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PFGC. Citigroup cut their price objective on Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Morgan Stanley set a $123.00 target price on Performance Food Group in a report on Tuesday. Finally, Barclays reduced their target price on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.22.

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.