New York State Common Retirement Fund decreased its position in Performance Food Group (NYSE:PFGC - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 741,401 shares of the food distribution company's stock after selling 5,887 shares during the quarter. New York State Common Retirement Fund owned 0.48% of Performance Food Group worth $62,685,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its holdings in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after acquiring an additional 274 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Performance Food Group in the fourth quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC increased its stake in Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.
In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.
Shares of PFGC opened at $86.96 on Thursday. The company's 50 day simple moving average is $86.82 and its 200-day simple moving average is $81.81. 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 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The firm has a market cap of $13.58 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44.
Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities analysts predict that Performance Food Group will post 4.58 EPS for the current year.
Several equities analysts have commented on PFGC shares. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Morgan Stanley increased 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 note on Tuesday, January 21st. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. UBS Group increased their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.73.
Check Out Our Latest Stock Analysis on PFGC
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.
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