Schonfeld Strategic Advisors LLC Has $28.12 Million Position in Performance Food Group (NYSE:PFGC)

Schonfeld Strategic Advisors LLC cut its position in shares of Performance Food Group (NYSE:PFGC) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,571 shares of the food distribution company’s stock after selling 482 shares during the period. Schonfeld Strategic Advisors LLC owned 0.21% of Performance Food Group worth $28,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PFGC. Millstone Evans Group LLC bought a new position in shares of Performance Food Group during the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division bought a new position in Performance Food Group during the fourth quarter worth $42,000. Blue Trust Inc. boosted its position in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of 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. Finally, UMB Bank n.a. raised its position 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 purchasing an additional 313 shares during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley boosted their price target on 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. Barclays dropped their price objective on Performance Food Group from $102.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Piper Sandler downgraded 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.09.

Performance Food Group Trading Up 0.2 %

Shares of PFGC stock opened at $79.61 on Tuesday. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 0.96 and a beta of 1.16. The company’s fifty day simple moving average is $78.00 and its two-hundred day simple moving average is $83.22. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC) last posted its 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, analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

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.