The Vanguard Group, Inc. has recently announced that it has increased stake in Performance Food Group Company (NYSE:PFGC) by 2.77%. After grabbing 15.64 million shares, the institutional investor is now in possession of 0.42 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 10.02% having worth around $885.03 million. Moreover, BlackRock Fund Advisors increased its share by 0.48 million to have a control over 12.49 million shares. And Capital Research & Management Co raised its holdings to 6.14 million shares by acquiring 9.69 million shares or 6.21% of the stake.
Performance Food Group Company (PFGC) concluded trading on 03/16/23 at a closing price of $54.72, with 1.35 million shares of worth about $73.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.97% during that period and on Thursday the price saw a gain of about 0.37%. Currently the company’s common shares owned by public are about 154.10M shares, out of which, 152.46M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $78.00 and could fall to a lowest price of $67.00. The stock’s current price level is 23.69% above of average price target set by the analysts, while a rise to estimated low would result in gain of 18.33% for the stock. However, touching the estimated high of $78.00 would mean a gain of 29.85% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 101 times over the past 12 months. They bought 246,875 shares in 30 of the transactions. In 71 selling transactions, insiders dumped 236,192 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and American Funds Fundamental Invest are the top 3 mutual funds which are holding stakes in Performance Food Group Company iShares Core S&P Mid Cap ETF is currently holding 4.86 million shares of worth totaling $274.96 million. The company recently came buying 11004.0 shares which brought its stake up to 3.11% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 30784.0 shares, after which its hold over company’s outstanding shares expand to 3.05%, leaving 4.76 million shares with the mutual fund that have a worth of about $269.47 million. American Funds Fundamental Invest, after buying 4.52 million shares, have now control over 2.90% of the stake in the company. It holds 4.52 million shares of worth $255.93 million.
Performance Food Group Company (NYSE: PFGC) started trading at $54.01, below -$0.51 from concluding price of the previous day. However, the stock later moved at a day high price of 54.75, or with a gain of 0.37%. Stock saw a price change of -1.37% in past 5 days and over the past one month there was a price change of -9.15%. Year-to-date (YTD), PFGC shares are showing a performance of -6.29% which increased to 12.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.23 but also hit the highest price of $63.13 during that period. The average intraday trading volume for Performance Food Group Company shares is 1.32 million. The stock is currently trading -4.56% below its 20-day simple moving average (SMA20), while that difference is down -6.82% for SMA50 and it goes to 4.03% higher than SMA200.
The Vanguard Group, Inc. acquired 15.64 million shares of Performance Food Group Company having value of about $885.03 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.42 million shares in the company valued at close to $23085164.16, or have control over 2.77% stake in the company. Performance Food Group Company (NYSE: PFGC) currently have 154.10M outstanding shares and institutions hold larger chunk of about 98.51% of that. Holding of mutual funds in the company is about 6.51% while other institutional holders and individual stake holders have control over 63.43% and 33.50% of the stake respectively.
The stock has a current market capitalization of $8.68B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 31.94, while it has posted earnings per share of $1.71 in the same period. Its PEG reads 1.24 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PFGC, volatility over the week remained 3.33% while standing at 2.38% over the month.
Analysts are in expectations that Performance Food Group Company (PFGC) stock would likely to be making an EPS of $0.69 in the current quarter, while forecast for next quarter EPS is $1.2 and it is $4.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.64 which is $0.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.51 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 143.70% while it is estimated to increase by 16.50% in next year. EPS is likely to grow at an annualized rate of 25.81% for next 5-years, compared to annual growth of -4.50% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the Performance Food Group Company (PFGC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 15 Wall Street analysts, 11 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on September 23, 2022 offering an Overweight rating for the stock and assigned a target price of $60 to it. Coverage by Berenberg stated Performance Food Group Company (PFGC) stock as a Buy in their note to investors on May 18, 2022, suggesting a price target of $71 for the stock. On March 18, 2022, Deutsche Bank Initiated their recommendations, while on March 11, 2022, CL King Initiated their ratings for the stock with a price target of $60. Stock get a Buy rating from Truist on February 01, 2022.
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