Performance Food Group (NYSE:PFGC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,607 shares of the food distribution company's stock after selling 28,600 shares during the quarter. Renaissance Technologies LLC owned about 0.05% of Performance Food Group worth $7,238,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PFGC. HighPoint Advisor Group LLC boosted its position in Performance Food Group by 2.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after acquiring an additional 121 shares during the last quarter. Highland Capital Management LLC boosted its holdings 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 worth $246,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. boosted 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 worth $42,000 after purchasing an additional 212 shares during the last quarter. M&T Bank Corp grew its position in shares of Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock valued at $1,597,000 after purchasing an additional 213 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in shares of Performance Food Group by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after purchasing an additional 226 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Up 2.7 %

PFGC traded up $2.11 during trading hours on Wednesday, hitting $79.97. 702,899 shares of the company's stock were exchanged, compared to its average volume of 1,113,240. 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 12-month low of $61.60 and a 12-month high of $92.44. The firm has a market cap of $12.49 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The firm has a 50 day moving average of $78.56 and a 200 day moving average of $83.18.

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%. Analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays dropped their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a report on Tuesday. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Morgan Stanley boosted their target price 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. Finally, StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group 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.