Allspring Global Investments Holdings LLC Has $396,000 Stock Position in Performance Food Group (NYSE:PFGC)

Allspring Global Investments Holdings LLC grew its position in Performance Food Group (NYSE:PFGCFree Report) by 12.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,305 shares of the food distribution company’s stock after buying an additional 584 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Performance Food Group were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PFGC. Point72 Asset Management L.P. boosted its stake in Performance Food Group by 414.1% in the 4th quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after purchasing an additional 1,770,683 shares during the period. Norges Bank acquired a new position in Performance Food Group in the 4th quarter worth $119,726,000. Wellington Management Group LLP boosted its stake in Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock worth $447,645,000 after purchasing an additional 397,114 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Performance Food Group in the 4th quarter worth $11,410,000. Finally, Primecap Management Co. CA acquired a new position in Performance Food Group in the 4th quarter worth $11,230,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays cut their price target on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Morgan Stanley boosted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.14.

View Our Latest Report on PFGC

Performance Food Group Stock Up 0.6 %

Shares of PFGC stock opened at $62.00 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The firm’s 50-day moving average is $68.56 and its 200-day moving average is $71.07. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 0.78 and a beta of 1.42. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54.

Performance Food Group (NYSE:PFGCGet Free Report) last issued its earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The firm had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.10 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Sell-side analysts predict that Performance Food Group will post 4.21 EPS for the current year.

About Performance Food Group

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.