Sei Investments Co. lessened its position in Performance Food Group (NYSE:PFGC - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,621 shares of the food distribution company's stock after selling 33,237 shares during the period. Sei Investments Co. owned about 0.16% of Performance Food Group worth $20,936,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of PFGC. Massachusetts Financial Services Co. MA boosted its position in Performance Food Group by 962.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 57,309 shares of the food distribution company's stock worth $4,491,000 after purchasing an additional 51,915 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Performance Food Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,194,400 shares of the food distribution company's stock worth $93,605,000 after buying an additional 24,473 shares during the period. Citigroup Inc. grew its stake in Performance Food Group by 3.9% in the 3rd quarter. Citigroup Inc. now owns 88,312 shares of the food distribution company's stock valued at $6,921,000 after buying an additional 3,298 shares during the last quarter. Cerity Partners LLC raised its holdings in Performance Food Group by 12.7% in the 3rd quarter. Cerity Partners LLC now owns 61,186 shares of the food distribution company's stock valued at $4,795,000 after acquiring an additional 6,892 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in Performance Food Group by 110.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,290 shares of the food distribution company's stock worth $179,000 after acquiring an additional 1,201 shares during the last quarter. Institutional investors own 96.87% of the company's stock.
Wall Street Analyst Weigh In
PFGC has been the topic of a number of recent research reports. Melius started coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a "hold" rating and a $95.00 target price on the stock. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research 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 for the company in a research report on Thursday, February 6th. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.73.
Read Our Latest Report on PFGC
Performance Food Group Price Performance
Shares of Performance Food Group stock traded down $0.64 on Friday, reaching $77.36. 629,481 shares of the stock were exchanged, compared to its average volume of 1,110,331. The firm's 50 day moving average is $83.29 and its 200-day moving average is $83.41. The firm has a market cap of $12.08 billion, a PE ratio of 31.19, a P/E/G ratio of 0.96 and a beta of 1.40. 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 one year low of $61.60 and a one year high of $92.44.
Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.
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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