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

Boston Partners reduced its position in Performance Food Group (NYSE:PFGC) by 6.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,355 shares of the food distribution company’s stock after selling 5,151 shares during the quarter. Boston Partners owned about 0.05% of Performance Food Group worth $6,627,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PFGC. Central Pacific Bank Trust Division purchased a new position in Performance Food Group during the fourth quarter worth about $42,000. Blue Trust Inc. raised 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 worth $42,000 after buying an additional 212 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings 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 buying an additional 239 shares during the period. UMB Bank n.a. boosted its stake in shares of Performance Food Group by 69.1% in the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after buying an additional 313 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its holdings 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 worth $66,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 1.1 %

Shares of NYSE:PFGC opened at $76.84 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $12.00 billion, a P/E ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The stock’s fifty day simple moving average is $84.18 and its 200-day simple moving average is $83.06.

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

Analyst Upgrades and Downgrades

PFGC has been the topic of several research analyst reports. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.73.

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.