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Junto Capital reduced its PFGC stake by 31.1%, while PFGC missed earnings estimates despite revenue growth.
Junto Capital Management reduced its stake in Performance Food Group (PFGC) by 31.1% in the third quarter, holding 1.1 million shares worth $114.93 million as of the latest SEC filing.
PFGC reported second-quarter earnings of $0.98 per share, missing estimates by $0.09, with revenue of $16.44 billion, up 5.2% year-over-year.
The company has a market cap of $13.83 billion, a P/E ratio of 40.09, and a consensus "Moderate Buy" rating with a target price of $116.44.
Insider Chasity D. Grosh sold 1,843 shares in February, and institutional ownership remains high at 96.87%.
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Junto Capital redujo su participación en PFGC en un 31,1%, mientras que PFGC incumplió las estimaciones de ganancias a pesar del crecimiento de los ingresos.