Vaughan Nelson Investment Management L.P. Lowers Position in Performance Food Group (NYSE:PFGC)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,566 shares of the food distribution company's stock after selling 24,250 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.34% of Performance Food Group worth $45,367,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. Aigen Investment Management LP increased its position in shares of Performance Food Group by 56.1% in the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company's stock valued at $1,330,000 after acquiring an additional 6,099 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Performance Food Group in the 3rd quarter worth $2,772,000. State Street Corp lifted its position in Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after acquiring an additional 97,069 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Performance Food Group by 134.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PFGC shares. Melius initiated coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price objective for the company. BMO Capital Markets raised their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, UBS Group lifted their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Price Performance

Shares of PFGC stock traded up $1.50 on Wednesday, reaching $85.45. 1,912,351 shares of the company were exchanged, compared to its average volume of 1,178,430. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 0.96 and a beta of 1.44. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The business has a 50-day moving average price of $87.09 and a 200 day moving average price of $81.14. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 1.67.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. Equities research analysts forecast that Performance Food Group will post 4.6 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.