Performance Food Group (NYSE:PFGC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in Performance Food Group (NYSE:PFGC) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,581,322 shares of the food distribution company’s stock after selling 5,732 shares during the period. Geode Capital Management LLC’s holdings in Performance Food Group were worth $218,321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PFGC. Millstone Evans Group LLC acquired a new position in Performance Food Group in the fourth quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Performance Food Group in the 4th quarter valued at about $42,000. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC grew its stake in 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. Finally, UMB Bank n.a. increased its position in Performance Food Group by 69.1% during the fourth 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. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $73.39 on Friday. 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 stock has a 50 day simple moving average of $82.19 and a 200-day simple moving average of $83.46. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last released 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%. On average, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PFGC. Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective for the company. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Barclays lowered their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Morgan Stanley increased their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.