Cerity Partners LLC Purchases 6,892 Shares of Performance Food Group (NYSE:PFGC)

Cerity Partners LLC lifted its position in shares of Performance Food Group (NYSE:PFGC) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,186 shares of the food distribution company’s stock after acquiring an additional 6,892 shares during the period. Cerity Partners LLC’s holdings in Performance Food Group were worth $4,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Performance Food Group during the third quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in Performance Food Group in the second quarter worth approximately $30,000. Venturi Wealth Management LLC raised its stake in 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 buying an additional 274 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Stock Performance

NYSE PFGC opened at $87.91 on Friday. 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 has a twelve month low of $61.60 and a twelve month high of $89.73. The business has a 50-day moving average price of $82.31 and a 200-day moving average price of $73.79. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44.

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

Analyst Ratings Changes

Several brokerages recently commented on PFGC. UBS Group lifted their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Guggenheim increased their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial boosted their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays increased their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley restated 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $94.27.

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.