AEGON ASSET MANAGEMENT UK Plc Sells 17,705 Shares of Performance Food Group (NYSE:PFGC)

AEGON ASSET MANAGEMENT UK Plc reduced its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,781 shares of the food distribution company's stock after selling 17,705 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.17% of Performance Food Group worth $22,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Inspire Investing LLC bought a new stake in shares of Performance Food Group during the fourth quarter worth about $814,000. UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 313 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of Performance Food Group by 121.5% during the fourth quarter. Artemis Investment Management LLP now owns 290,478 shares of the food distribution company's stock worth $24,560,000 after purchasing an additional 159,325 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Performance Food Group by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,537 shares of the food distribution company's stock worth $891,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Performance Food Group by 134.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock worth $54,665,000 after purchasing an additional 371,078 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Piper Sandler upped their target price on Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. UBS Group upped their target price on Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.67.

Performance Food Group Stock Up 0.2 %

Shares of NYSE:PFGC traded up $0.16 during trading on Friday, reaching $88.88. 1,176,648 shares of the stock were exchanged, compared to its average volume of 695,761. 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 has a 1-year low of $61.60 and a 1-year high of $92.44. The stock has a fifty day moving average of $86.69 and a two-hundred day moving average of $78.93. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 0.96 and a beta of 1.43.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same period in the previous year, the company earned $1.15 earnings per share. Performance Food Group's revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts anticipate that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company's stock.

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.