Prudential Financial Inc. Has $900,000 Stock Holdings in Performance Food Group (NYSE:PFGC)

Prudential Financial Inc. lessened its stake in Performance Food Group (NYSE:PFGC - Free Report) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,650 shares of the food distribution company's stock after selling 7,969 shares during the quarter. Prudential Financial Inc.'s holdings in Performance Food Group were worth $900,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PFGC. Millstone Evans Group LLC bought a new position in Performance Food Group during the fourth quarter worth about $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group during the 4th quarter valued at about $42,000. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% during the 4th 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 in the last quarter. V Square Quantitative Management LLC grew its position in shares of 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 purchasing an additional 239 shares during the period. Finally, UMB Bank n.a. increased its stake in Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Ratings Changes

PFGC has been the subject of several research analyst reports. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Morgan Stanley increased their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Finally, Melius started coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Stock Up 0.1 %

Shares of Performance Food Group stock traded up $0.05 on Friday, reaching $75.50. 1,262,500 shares of the company were exchanged, compared to its average volume of 1,121,949. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 0.96 and a beta of 1.16. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a 50-day moving average of $79.99 and a 200 day moving average of $83.30.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 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%. On average, equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current 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.