Public Employees Retirement System of Ohio Lowers Stock Position in Performance Food Group (NYSE:PFGC)

Public Employees Retirement System of Ohio decreased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 36.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,499 shares of the food distribution company's stock after selling 32,323 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Performance Food Group were worth $4,349,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PFGC. Blue Trust Inc. lifted its stake in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after purchasing an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group in the 3rd quarter worth $26,000. Venturi Wealth Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 274 shares in the last quarter. UMB Bank n.a. lifted its stake in Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after purchasing an additional 365 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Performance Food Group in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on PFGC shares. Piper Sandler boosted their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. UBS Group boosted their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. 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. Wells Fargo & Company boosted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group 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 Wednesday, September 25th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.27.

Performance Food Group Trading Up 0.5 %

NYSE:PFGC traded up $0.45 during mid-day trading on Friday, hitting $88.65. 834,718 shares of the stock traded hands, compared to its average volume of 1,027,771. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.96 and a beta of 1.44. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The firm's 50 day moving average is $84.72 and its two-hundred day moving average is $75.23. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

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

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now directly owns 192,868 shares of the company's stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

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.