New York State Common Retirement Fund trimmed its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741,401 shares of the food distribution company's stock after selling 5,887 shares during the period. New York State Common Retirement Fund owned 0.48% of Performance Food Group worth $62,685,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of 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 period. Ashton Thomas Securities LLC bought a new stake in Performance Food Group in the 3rd quarter valued at $26,000. Venturi Wealth Management LLC increased its holdings in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after acquiring an additional 274 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Performance Food Group in the 4th quarter valued at $42,000. Finally, V Square Quantitative Management LLC increased its holdings in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Performance Food Group
In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.
Performance Food Group Trading Down 3.2 %
Performance Food Group stock traded down $2.75 during trading hours on Friday, hitting $81.79. The company had a trading volume of 849,856 shares, compared to its average volume of 1,174,446. The firm has a market cap of $12.78 billion, a P/E ratio of 32.98, a P/E/G ratio of 0.98 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a 50-day moving average price of $86.71 and a two-hundred day moving average price of $81.87.
Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (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%. On average, sell-side analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PFGC. Guggenheim boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Barclays reduced 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 report on Thursday, February 6th. Morgan Stanley boosted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.73.
View Our Latest Analysis on Performance Food Group
About Performance Food Group
(
Free Report)
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.
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