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

AQR Capital Management LLC cut its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,832 shares of the food distribution company's stock after selling 42,267 shares during the period. AQR Capital Management LLC owned about 0.06% of Performance Food Group worth $8,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after buying an additional 401,235 shares during the period. Assenagon Asset Management S.A. boosted its stake in Performance Food Group by 134.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Performance Food Group by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after buying an additional 125,532 shares in the last quarter. Inspire Investing LLC purchased a new position in Performance Food Group in the fourth quarter worth about $814,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Performance Food Group in the fourth quarter valued at about $2,087,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Price Performance

Shares of NYSE:PFGC traded up $2.41 during trading on Monday, reaching $86.82. 171,842 shares of the company traded hands, compared to its average volume of 1,108,681. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $13.55 billion, a PE ratio of 34.91, a PEG ratio of 0.96 and a beta of 1.13. The company's 50 day moving average is $77.90 and its two-hundred day moving average is $83.21.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on PFGC shares. Barclays upped their target price on Performance Food Group from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Truist Financial cut their target price on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.55.

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.