Bridgewater Associates LP Sells 24,956 Shares of Performance Food Group (NYSE:PFGC)

Bridgewater Associates LP lessened its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 62.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,074 shares of the food distribution company's stock after selling 24,956 shares during the period. Bridgewater Associates LP's holdings in Performance Food Group were worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock valued at $354,000 after purchasing an additional 139 shares during the last quarter. Creative Planning raised its position in Performance Food Group by 1.2% in the third quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock worth $916,000 after purchasing an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock worth $469,000 after buying an additional 160 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Performance Food Group by 0.4% during the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock valued at $3,044,000 after acquiring an additional 186 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Trading Up 0.0 %

Shares of NYSE:PFGC traded up $0.03 during mid-day trading on Monday, reaching $88.27. The stock had a trading volume of 1,354,846 shares, compared to its average volume of 1,021,200. The firm has a 50 day simple moving average of $82.53 and a two-hundred day simple moving average of $73.96. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $89.73. The firm has a market cap of $13.75 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

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 for the quarter, missing the consensus estimate 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 business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The business's revenue was up 3.2% on a year-over-year basis. On average, research analysts predict that Performance Food Group will post 4.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, August 15th. UBS Group increased their price objective on Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Guggenheim boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays raised their price target on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $92.00 price objective on shares of Performance Food Group in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.27.

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.