Performance Food Group (NYSE:PFGC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 268,609 shares of the food distribution company's stock after selling 3,610 shares during the period. Wells Fargo & Company MN owned 0.17% of Performance Food Group worth $22,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. Millstone Evans Group LLC acquired a new stake in shares of Performance Food Group in the fourth quarter worth approximately $26,000. Central Pacific Bank Trust Division purchased a new stake in Performance Food Group during the fourth quarter valued at about $42,000. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PFGC. Morgan Stanley lifted 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. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays cut their price target on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded up $1.06 during mid-day trading on Friday, hitting $75.93. The company had a trading volume of 1,024,762 shares, compared to its average volume of 1,115,486. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 0.96 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The firm's 50 day simple moving average is $79.12 and its two-hundred day simple moving average is $83.19.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current 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.