Mitsubishi UFJ Trust & Banking Corp Sells 5,626 Shares of Performance Food Group (NYSE:PFGC)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Performance Food Group (NYSE:PFGC - Free Report) by 53.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,983 shares of the food distribution company's stock after selling 5,626 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Performance Food Group were worth $421,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. State Street Corp boosted its position in Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Performance Food Group in the third quarter worth $2,772,000. Assenagon Asset Management S.A. grew its stake in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Performance Food Group by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after purchasing an additional 125,532 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 target price for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Morgan Stanley lifted 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 report on Tuesday, January 21st. Melius Research raised Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Finally, Barclays lowered their target price 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Price Performance

NYSE PFGC traded down $1.71 during trading hours on Monday, hitting $71.57. The company had a trading volume of 1,922,191 shares, compared to its average volume of 1,111,527. The firm has a 50 day simple moving average of $81.81 and a 200 day simple moving average of $83.48. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 0.96 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67.

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 EPS 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%. Equities research analysts expect that Performance Food Group will post 4.58 earnings per share for the current 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.