Assenagon Asset Management S.A. Has $54.67 Million Stock Position in Performance Food Group (NYSE:PFGC)

Assenagon Asset Management S.A. grew its holdings in shares of Performance Food Group (NYSE:PFGC) by 134.7% during the fourth quarter, Holdings Channel reports. The firm owned 646,544 shares of the food distribution company’s stock after purchasing an additional 371,078 shares during the period. Assenagon Asset Management S.A.’s holdings in Performance Food Group were worth $54,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PFGC. Blue Trust Inc. increased its position in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group during the 3rd quarter worth about $26,000. Venturi Wealth Management LLC increased its holdings in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after acquiring an additional 365 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Up 0.6 %

Performance Food Group stock opened at $86.91 on Thursday. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The business has a 50 day moving average price of $86.31 and a two-hundred day moving average price of $77.79. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same period last year, the business earned $1.15 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Performance Food Group will post 4.73 EPS for the current year.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares of the company’s stock, valued at approximately $17,026,387.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

PFGC has been the topic of several analyst reports. Guggenheim increased their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Melius Research raised shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $92.00 price objective on shares of Performance Food Group in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $94.33.

Performance Food Group Company Profile

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.