Natixis Advisors LLC reduced its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,609 shares of the food distribution company's stock after selling 7,935 shares during the quarter. Natixis Advisors LLC owned 0.14% of Performance Food Group worth $18,061,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its holdings in shares of Performance Food Group by 20.4% in the 3rd quarter. KBC Group NV now owns 4,106 shares of the food distribution company's stock valued at $322,000 after purchasing an additional 695 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock valued at $354,000 after buying an additional 139 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Performance Food Group by 19.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,961 shares of the food distribution company's stock valued at $467,000 after acquiring an additional 991 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Performance Food Group in the 3rd quarter valued at $3,032,000. Finally, Commerce Bank boosted its position in Performance Food Group by 1.2% during the third quarter. Commerce Bank now owns 105,785 shares of the food distribution company's stock valued at $8,290,000 after acquiring an additional 1,293 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Performance Food Group Stock Up 1.1 %
PFGC stock traded up $0.87 during trading on Friday, reaching $76.84. The stock had a trading volume of 1,891,737 shares, compared to its average volume of 1,061,064. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company's 50 day moving average is $84.18 and its two-hundred day moving average is $83.06. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40.
Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (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 forecast that Performance Food Group will post 4.58 EPS for the current year.
Analyst Ratings Changes
PFGC has been the subject of a number of research analyst reports. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays cut their target price 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. Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target for the company. Finally, Morgan Stanley raised 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 research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.
View Our Latest Stock Report on Performance Food Group
Performance Food Group Company Profile
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Free Report)
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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