Performance Food Group (NYSE:PFGC) Holdings Lowered by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,110 shares of the food distribution company's stock after selling 3,785 shares during the period. Ontario Teachers Pension Plan Board's holdings in Performance Food Group were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. HighPoint Advisor Group LLC increased its stake in Performance Food Group by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after buying an additional 121 shares during the period. Highland Capital Management LLC increased its stake in Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock worth $246,000 after buying an additional 183 shares during the period. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after buying an additional 212 shares during the period. M&T Bank Corp increased its stake in Performance Food Group by 1.1% during the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock worth $1,597,000 after buying an additional 213 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in Performance Food Group by 40.8% during 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 during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on PFGC. Barclays reduced their price target on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday. Morgan Stanley lifted their target price on 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 Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Stock Performance

Performance Food Group stock traded up $2.38 during midday trading on Wednesday, reaching $80.24. 300,685 shares of the stock traded hands, compared to its average volume of 1,205,238. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average price of $78.56 and a two-hundred day moving average price of $83.18. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 0.96 and a beta of 1.16. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

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

About Performance Food Group

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.