Performance Food Group (NYSE:PFGC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in Performance Food Group (NYSE:PFGC) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,068 shares of the food distribution company’s stock after selling 1,360 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Performance Food Group were worth $3,767,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Coldstream Capital Management Inc. increased its holdings in shares of Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after purchasing an additional 142 shares during the period. Geode Capital Management LLC boosted its stake in shares of Performance Food Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock worth $202,803,000 after buying an additional 36,385 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Performance Food Group by 377.9% in the third quarter. National Bank of Canada FI now owns 3,680 shares of the food distribution company’s stock worth $288,000 after buying an additional 2,910 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Performance Food Group in the third quarter worth about $2,772,000. Finally, State Street Corp boosted its stake in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after buying an additional 97,069 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the transaction, the insider now owns 192,868 shares in the company, valued at $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $88.63 on Friday. The company has a market capitalization of $13.81 billion, a P/E ratio of 32.70, a P/E/G ratio of 0.96 and a beta of 1.44. The business’s 50 day moving average is $84.72 and its two-hundred day moving average is $75.14. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last released 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). The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. Analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on PFGC shares. Barclays upped their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Truist Financial upped their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets upped their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Guggenheim upped their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.