MetLife Investment Management LLC Buys 7,254 Shares of Performance Food Group (NYSE:PFGC)

MetLife Investment Management LLC grew its stake in Performance Food Group (NYSE:PFGC - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,738 shares of the food distribution company's stock after purchasing an additional 7,254 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Performance Food Group worth $7,503,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PFGC. Millstone Evans Group LLC bought a new position in Performance Food Group during the fourth quarter worth about $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group during the fourth quarter worth approximately $42,000. Blue Trust Inc. raised 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 valued at $42,000 after buying an additional 212 shares in the last quarter. V Square Quantitative Management LLC boosted its stake 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 buying an additional 239 shares during the period. Finally, UMB Bank n.a. grew its position in 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 worth $65,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays cut their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $77.87 on Wednesday. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 0.96 and a beta of 1.16. The firm has a 50 day simple moving average of $78.56 and a 200 day simple moving average of $83.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced 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%. Research analysts predict that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.

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