California Public Employees Retirement System Sells 18,864 Shares of Performance Food Group (NYSE:PFGC)

California Public Employees Retirement System cut its position in Performance Food Group (NYSE:PFGC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,839 shares of the food distribution company's stock after selling 18,864 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Performance Food Group worth $22,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PFGC. Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group during the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group in the fourth quarter worth $42,000. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares during the period. V Square Quantitative Management LLC grew its position in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PFGC shares. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 target price on the stock. Melius Research raised shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Barclays lowered their price objective on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Price Performance

Shares of PFGC stock traded up $2.30 during trading hours on Tuesday, hitting $73.92. 264,559 shares of the company's stock were exchanged, compared to its average volume of 1,230,137. The business's 50 day simple moving average is $81.81 and its 200-day simple moving average is $83.48. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a market capitalization of $11.55 billion, a PE ratio of 29.81, a PEG ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, equities research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Performance Food Group Company 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.