Vanguard Group Inc. Lowers Holdings in Performance Food Group (NYSE:PFGC)

Vanguard Group Inc. cut its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,529,500 shares of the food distribution company's stock after selling 325,862 shares during the period. Vanguard Group Inc. owned 9.94% of Performance Food Group worth $1,313,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridge City Capital LLC boosted its position in shares of Performance Food Group by 7.9% during the fourth quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company's stock worth $7,985,000 after acquiring an additional 6,918 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Performance Food Group by 37.1% during the 4th quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company's stock valued at $7,992,000 after purchasing an additional 25,192 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Performance Food Group during the 4th quarter valued at about $3,697,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Performance Food Group by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company's stock valued at $8,964,000 after purchasing an additional 3,112 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Performance Food Group in the fourth quarter worth about $26,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of several research analyst reports. Barclays cut their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Trading Up 1.1 %

Performance Food Group stock traded up $0.84 during midday trading on Tuesday, reaching $79.47. The stock had a trading volume of 964,796 shares, compared to its average volume of 1,107,398. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a fifty day moving average of $82.92 and a 200 day moving average of $83.49.

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 for the quarter, missing the consensus estimate 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 anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.