Legal & General Group Plc Trims Stock Holdings in Performance Food Group (NYSE:PFGC)

Legal & General Group Plc reduced its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 329,249 shares of the food distribution company's stock after selling 21,325 shares during the quarter. Legal & General Group Plc owned 0.21% of Performance Food Group worth $27,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PFGC. FMR LLC grew its holdings in shares of Performance Food Group by 0.6% in the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock worth $1,132,231,000 after acquiring an additional 78,855 shares during the period. Victory Capital Management Inc. increased its stake in Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after buying an additional 2,371,818 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Performance Food Group by 3.9% during the fourth quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock worth $330,560,000 after purchasing an additional 147,080 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after buying an additional 401,235 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Performance Food Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock valued at $202,803,000 after acquiring an additional 36,385 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 1.4 %

Shares of Performance Food Group stock traded up $1.06 during trading on Friday, reaching $75.93. The company's stock had a trading volume of 1,024,762 shares, compared to its average volume of 1,115,486. The company has a 50-day simple moving average of $79.12 and a two-hundred day simple moving average of $83.19. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 0.96 and a beta of 1.16. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly 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 return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays decreased their price objective on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Finally, StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average 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.