Performance Food Group (NYSE:PFGC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in Performance Food Group (NYSE:PFGC - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,446 shares of the food distribution company's stock after selling 101,357 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Performance Food Group worth $16,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. abrdn plc grew its holdings in shares of Performance Food Group by 3.8% during the fourth quarter. abrdn plc now owns 17,699 shares of the food distribution company's stock worth $1,490,000 after buying an additional 649 shares in the last quarter. Trust Point Inc. grew its holdings in shares of Performance Food Group by 23.8% in the fourth quarter. Trust Point Inc. now owns 4,645 shares of the food distribution company's stock valued at $393,000 after purchasing an additional 894 shares during the period. Jennison Associates LLC grew its holdings in shares of Performance Food Group by 8.1% in the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after purchasing an additional 125,532 shares during the period. Custom Index Systems LLC grew its holdings in shares of Performance Food Group by 4.9% in the fourth quarter. Custom Index Systems LLC now owns 5,794 shares of the food distribution company's stock valued at $490,000 after purchasing an additional 272 shares during the period. Finally, Highland Capital Management LLC grew its holdings in shares of Performance Food Group by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock valued at $246,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 0.1 %

Performance Food Group stock traded up $0.13 during trading on Monday, reaching $85.22. The stock had a trading volume of 701,714 shares, compared to its average volume of 1,099,030. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The business has a 50 day moving average price of $87.24 and a 200 day moving average price of $80.87. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock has a market cap of $13.31 billion, a PE ratio of 34.36, a P/E/G ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly 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 return on equity of 16.58% and a net margin of 0.64%. On average, analysts predict that Performance Food Group will post 4.6 EPS for the current year.

Insider Buying and Selling

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now owns 192,868 shares of the company's stock, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PFGC shares. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Truist Financial upped their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a report on Friday, November 8th. Melius Research raised shares of Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. UBS Group upped their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average target price of $95.73.

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.