Performance Food Group (NYSE:PFGC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,156 shares of the food distribution company's stock after selling 20,271 shares during the period. Teacher Retirement System of Texas owned 0.10% of Performance Food Group worth $13,203,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock worth $354,000 after buying an additional 139 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company's stock worth $329,000 after acquiring an additional 142 shares during the period. Highland Capital Management LLC boosted its position in shares of Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock valued at $246,000 after acquiring an additional 183 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares during the period. Finally, M&T Bank Corp increased its position in Performance Food Group by 1.1% during the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock worth $1,597,000 after purchasing an additional 213 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. 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 report on Thursday, February 6th. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their target price on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler cut 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 report on Friday, February 7th. Finally, Melius began coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Stock Up 1.5 %

Shares of NYSE:PFGC traded up $1.13 during trading on Wednesday, hitting $77.93. The company's stock had a trading volume of 806,171 shares, compared to its average volume of 1,064,595. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The business has a 50 day moving average price of $83.86 and a two-hundred day moving average price of $83.27. 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 capitalization of $12.17 billion, a PE ratio of 31.42, a P/E/G ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) 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, research analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal year.

About Performance Food Group

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.