JPMorgan Chase & Co. Sells 128,436 Shares of Performance Food Group (NYSE:PFGC)

JPMorgan Chase & Co. reduced its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,684,166 shares of the food distribution company's stock after selling 128,436 shares during the quarter. JPMorgan Chase & Co. owned about 2.36% of Performance Food Group worth $311,496,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. grew its holdings in Performance Food Group by 21.1% in the 4th quarter. Zions Bancorporation N.A. now owns 35,679 shares of the food distribution company's stock worth $3,017,000 after buying an additional 6,213 shares in the last quarter. Bridge City Capital LLC grew its stake in shares of Performance Food Group by 7.9% in the fourth quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company's stock worth $7,985,000 after purchasing an additional 6,918 shares in the last quarter. LPL Financial LLC raised its stake in shares of Performance Food Group by 37.1% during the fourth quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company's stock valued at $7,992,000 after purchasing an additional 25,192 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Performance Food Group in the fourth quarter worth about $3,697,000. Finally, Knights of Columbus Asset Advisors LLC increased its stake in Performance Food Group by 3.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company's stock valued at $8,964,000 after buying an additional 3,112 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 3.5 %

NYSE PFGC traded down $2.66 during trading on Friday, reaching $73.39. The company's stock had a trading volume of 1,699,899 shares, compared to its average volume of 1,108,478. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $11.46 billion, a PE ratio of 29.59, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The business has a 50-day moving average price of $82.19 and a 200-day moving average price of $83.41.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PFGC has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price target on the stock. Barclays cut their price target on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and a consensus price target of $95.73.

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.