Performance Food Group (NYSE:PFGC) Shares Sold by Boston Partners

Boston Partners trimmed its position in Performance Food Group (NYSE:PFGC - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,355 shares of the food distribution company's stock after selling 5,151 shares during the quarter. Boston Partners owned approximately 0.05% of Performance Food Group worth $6,627,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in Performance Food Group in the fourth quarter valued at $42,000. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after acquiring an additional 212 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after acquiring an additional 239 shares in the last quarter. UMB Bank n.a. lifted its stake in 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. Finally, J.Safra Asset Management Corp boosted its holdings in Performance Food Group by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after purchasing an additional 226 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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Performance Food Group Price Performance

NYSE:PFGC traded up $1.13 during mid-day trading on Wednesday, hitting $77.93. 806,171 shares of the company's stock traded hands, compared to its average volume of 1,241,156. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The company has a market cap of $12.17 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The firm's 50 day simple moving average is $83.86 and its 200 day simple moving average is $83.27. Performance Food Group has a 1 year low of $61.60 and a 1 year 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 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%. Sell-side analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

PFGC has been the subject of several recent analyst reports. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target on the stock. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Morgan Stanley boosted 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. Finally, Barclays decreased their target price on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

Performance Food Group Company 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.