CX Institutional Sells 225 Shares of Performance Food Group (NYSE:PFGC)

CX Institutional lessened its position in Performance Food Group (NYSE:PFGC) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,582 shares of the food distribution company’s stock after selling 225 shares during the period. CX Institutional’s holdings in Performance Food Group were worth $1,656,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Aigen Investment Management LP raised its stake in shares of Performance Food Group by 56.1% during the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock valued at $1,330,000 after acquiring an additional 6,099 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Performance Food Group during the third quarter valued at $2,772,000. State Street Corp lifted its holdings in shares of Performance Food Group by 2.2% during the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after purchasing an additional 97,069 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Performance Food Group in the third quarter worth $3,032,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PFGC shares. Morgan Stanley lifted their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday. Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Barclays increased their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler increased their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.67.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $88.88 on Friday. The business has a 50-day simple moving average of $86.57 and a 200 day simple moving average of $78.76. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. 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 has a market capitalization of $13.85 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.96 and a beta of 1.43.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 EPS 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 firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts anticipate that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

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.