Thompson Investment Management Inc. Has $10.03 Million Position in Performance Food Group (NYSE:PFGC)

Thompson Investment Management Inc. cut its position in Performance Food Group (NYSE:PFGC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,654 shares of the food distribution company’s stock after selling 3,591 shares during the quarter. Performance Food Group comprises about 1.4% of Thompson Investment Management Inc.’s portfolio, making the stock its 16th biggest holding. Thompson Investment Management Inc. owned approximately 0.08% of Performance Food Group worth $10,032,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PFGC. JPMorgan Chase & Co. increased its holdings in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after purchasing an additional 401,235 shares in the last quarter. Aigen Investment Management LP grew its stake in Performance Food Group by 56.1% during the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock worth $1,330,000 after purchasing an additional 6,099 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Performance Food Group during the third quarter worth approximately $2,772,000. State Street Corp boosted its holdings in Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after acquiring an additional 97,069 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after acquiring an additional 371,078 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PFGC. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $92.00 to $90.00 in a report on Friday. Melius initiated coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target for the company. Guggenheim raised their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays reduced their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Trading Down 2.4 %

Shares of PFGC opened at $85.10 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a 50 day simple moving average of $87.24 and a two-hundred day simple moving average of $80.66. The firm has a market cap of $13.29 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, equities analysts expect that Performance Food Group will post 4.6 earnings per share for the current fiscal year.

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.