Verition Fund Management LLC Has $17.01 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Verition Fund Management LLC lowered its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,980 shares of the food distribution company's stock after selling 13,505 shares during the quarter. Verition Fund Management LLC owned about 0.14% of Performance Food Group worth $17,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group during the third quarter worth about $26,000. Innealta Capital LLC bought a new position in Performance Food Group in the 2nd quarter valued at about $30,000. Venturi Wealth Management LLC increased its holdings in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after buying an additional 274 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after buying an additional 365 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Trading Up 0.4 %

NYSE PFGC traded up $0.33 during trading hours on Friday, reaching $88.24. The company's stock had a trading volume of 405,400 shares, compared to its average volume of 1,019,756. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The stock has a market cap of $13.75 billion, a P/E ratio of 32.56, a P/E/G ratio of 0.95 and a beta of 1.44. The firm has a fifty day simple moving average of $82.53 and a 200-day simple moving average of $73.95.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Equities analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an "equal weight" rating and issued a $92.00 price objective on shares of Performance Food Group in a research note on Monday, October 28th. Piper Sandler lifted their price target on Performance Food Group from $79.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Guggenheim upped their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays lifted their target price on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $94.27.

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.