BNP Paribas Financial Markets Cuts Stake in Performance Food Group (NYSE:PFGC)

BNP Paribas Financial Markets lowered its position in Performance Food Group (NYSE:PFGC - Free Report) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,218 shares of the food distribution company's stock after selling 26,354 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Performance Food Group worth $11,459,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PFGC. Blue Trust Inc. increased its holdings in 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $26,000. Innealta Capital LLC purchased a new position in shares of Performance Food Group during the 2nd quarter worth approximately $30,000. Venturi Wealth Management LLC raised its position in shares of 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 worth $32,000 after purchasing an additional 274 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Performance Food Group by 414.8% in 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 in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Trading Up 0.0 %

Shares of PFGC stock traded up $0.03 on Monday, reaching $88.27. 1,275,238 shares of the stock were exchanged, compared to its average volume of 1,020,857. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock has a market cap of $13.75 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The firm has a 50 day moving average of $82.53 and a two-hundred day moving average of $73.96. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $89.73.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 earnings per share. On average, research analysts anticipate that Performance Food Group will post 4.73 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on PFGC shares. UBS Group raised their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Piper Sandler upped their target price on shares of Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Guggenheim lifted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.27.

Performance Food Group 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.