Loomis Sayles & Co. L P Sells 7,409 Shares of Performance Food Group (NYSE:PFGC)

Loomis Sayles & Co. L P decreased its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,368 shares of the food distribution company's stock after selling 7,409 shares during the period. Loomis Sayles & Co. L P owned 0.15% of Performance Food Group worth $20,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PFGC. Coldstream Capital Management Inc. boosted its holdings in Performance Food Group by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company's stock valued at $329,000 after purchasing an additional 142 shares during the period. Highland Capital Management LLC grew its holdings in shares of Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock worth $246,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. increased its position 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 purchasing an additional 212 shares during the last quarter. M&T Bank Corp lifted its position in Performance Food Group by 1.1% during the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock valued at $1,597,000 after purchasing an additional 213 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its stake in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after buying an additional 226 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on PFGC. Morgan Stanley boosted their price target on shares of 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. Barclays reduced their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Melius Research raised shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Price Performance

Shares of NYSE:PFGC traded up $0.71 on Wednesday, reaching $80.16. The company's stock had a trading volume of 125,383 shares, compared to its average volume of 1,103,546. The company has a 50-day simple moving average of $82.92 and a 200 day simple moving average of $83.49. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. 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 company has a market cap of $12.52 billion, a P/E ratio of 32.27, a PEG ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data 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 research analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

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.