Citigroup Inc. Acquires 3,298 Shares of Performance Food Group (NYSE:PFGC)

Citigroup Inc. raised its holdings in Performance Food Group (NYSE:PFGC) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,312 shares of the food distribution company’s stock after acquiring an additional 3,298 shares during the period. Citigroup Inc. owned about 0.06% of Performance Food Group worth $6,921,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc lifted its stake in shares of Performance Food Group by 79.3% in the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company’s stock valued at $2,180,000 after acquiring an additional 12,919 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Performance Food Group in the second quarter valued at about $6,843,000. Aigen Investment Management LP boosted its stake in shares of 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 valued at $1,330,000 after purchasing an additional 6,099 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Performance Food Group during the third quarter worth about $3,032,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Performance Food Group by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after buying an additional 469,500 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PFGC shares. Wells Fargo & Company boosted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley reissued 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. Truist Financial raised their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price target on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets raised their price objective on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.27.

Performance Food Group Stock Up 0.4 %

Performance Food Group stock opened at $88.24 on Friday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The firm’s 50-day simple moving average is $82.53 and its 200 day simple moving average is $73.95. The stock has a market cap of $13.75 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. Research analysts predict that Performance Food Group will post 4.73 EPS for the current fiscal year.

About Performance Food Group

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.