Performance Food Group (NYSE:PFGC) Shares Sold by Boston Partners

Boston Partners lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,355 shares of the food distribution company’s stock after selling 5,151 shares during the quarter. Boston Partners’ holdings in Performance Food Group were worth $6,627,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PFGC. Central Pacific Bank Trust Division acquired a new position in Performance Food Group during the fourth quarter worth approximately $42,000. Blue Trust Inc. grew its stake in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after buying an additional 239 shares during the last quarter. UMB Bank n.a. raised its position in shares of Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after buying an additional 313 shares during the period. Finally, J.Safra Asset Management Corp grew its position in Performance Food Group by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after acquiring an additional 226 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Up 1.1 %

Shares of Performance Food Group stock opened at $76.84 on Friday. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market capitalization of $12.00 billion, a PE ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40. 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 business has a 50-day moving average of $84.18 and a 200-day moving average of $83.06.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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 return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

PFGC has been the topic of several research analyst reports. Melius Research raised Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays cut their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. 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. Finally, Melius began coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus target price of $95.73.

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.