Kennedy Capital Management LLC Lowers Stock Holdings in Performance Food Group (NYSE:PFGC)

Kennedy Capital Management LLC cut its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,105 shares of the food distribution company's stock after selling 19,485 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.12% of Performance Food Group worth $15,566,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PFGC. Millstone Evans Group LLC bought a new stake in Performance Food Group in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in Performance Food Group during the 4th quarter valued at $42,000. Blue Trust Inc. raised its holdings in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after buying an additional 212 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after buying an additional 239 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after buying an additional 313 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.23 during trading on Tuesday, hitting $76.08. 135,179 shares of the company's stock traded hands, compared to its average volume of 1,117,012. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.96 and a beta of 1.16. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The business has a 50 day moving average of $79.75 and a 200-day moving average of $83.32.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on PFGC shares. Morgan Stanley lifted their price target on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Piper Sandler downgraded shares of 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 report on Friday, February 7th. Finally, Melius began coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average price target of $95.73.

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.