Loomis Sayles & Co. L P Has $19.34 Million Holdings in Performance Food Group (NYSE:PFGC)

Loomis Sayles & Co. L P trimmed its holdings in shares of Performance Food Group (NYSE:PFGC) by 33.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,777 shares of the food distribution company’s stock after selling 121,312 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Performance Food Group were worth $19,340,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in shares of Performance Food Group by 110.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,290 shares of the food distribution company’s stock worth $179,000 after acquiring an additional 1,201 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Performance Food Group by 4.1% in the 3rd quarter. Larson Financial Group LLC now owns 38,063 shares of the food distribution company’s stock worth $2,983,000 after purchasing an additional 1,495 shares during the last quarter. Cerity Partners LLC lifted its holdings in Performance Food Group by 12.7% in the 3rd quarter. Cerity Partners LLC now owns 61,186 shares of the food distribution company’s stock worth $4,795,000 after purchasing an additional 6,892 shares during the last quarter. Nicolet Advisory Services LLC bought a new stake in Performance Food Group during the third quarter worth approximately $627,000. Finally, Citigroup Inc. grew its holdings in Performance Food Group by 3.9% during the third quarter. Citigroup Inc. now owns 88,312 shares of the food distribution company’s stock valued at $6,921,000 after purchasing an additional 3,298 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their price target 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. Deutsche Bank Aktiengesellschaft raised their price target on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. UBS Group boosted their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their target price on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.27.

Insider Activity

In other news, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. The trade was a 4.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Down 0.8 %

PFGC opened at $88.08 on Wednesday. The company has a market capitalization of $13.72 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.94 and a beta of 1.44. 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 firm’s fifty day moving average price is $81.84 and its two-hundred day moving average price is $73.59. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $89.73.

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

About Performance Food Group

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.