Performance Food Group (NYSE:PFGC) Stake Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 33.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,777 shares of the food distribution company's stock after selling 121,312 shares during the period. Loomis Sayles & Co. L P owned 0.16% of Performance Food Group worth $19,340,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Performance Food Group by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,054,625 shares of the food distribution company's stock valued at $78,718,000 after acquiring an additional 16,580 shares during the last quarter. Tidal Investments LLC boosted its position in Performance Food Group by 15.3% during the first quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company's stock worth $586,000 after acquiring an additional 1,042 shares during the last quarter. Virtu Financial LLC purchased a new stake in Performance Food Group in the 1st quarter worth approximately $354,000. Atria Investments Inc raised its holdings in Performance Food Group by 79.3% in the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company's stock valued at $2,180,000 after acquiring an additional 12,919 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Performance Food Group by 257.2% during the first quarter. Cetera Investment Advisers now owns 45,851 shares of the food distribution company's stock worth $3,422,000 after purchasing an additional 33,015 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the transaction, the insider now directly owns 162,987 shares of the company's stock, valued at $12,152,310.72. This represents a 4.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PFGC. Morgan Stanley reissued an "equal weight" rating and issued a $92.00 price target on shares of Performance Food Group in a research note on Monday, October 28th. Truist Financial raised their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, August 15th. Finally, Guggenheim upped their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and a consensus price target of $94.27.

Performance Food Group Trading Down 0.8 %

NYSE:PFGC opened at $88.08 on Wednesday. The business's 50-day moving average is $81.84 and its two-hundred day moving average is $73.59. The firm has a market capitalization of $13.72 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. Research analysts predict that Performance Food Group will post 4.73 earnings per share 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.