Css LLC Il Cuts Holdings in Performance Food Group (NYSE:PFGC)

Css LLC Il decreased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,960 shares of the food distribution company's stock after selling 4,040 shares during the period. Css LLC Il's holdings in Performance Food Group were worth $335,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares in the last quarter. Jennison Associates LLC grew its position in shares of Performance Food Group by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after purchasing 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. Proficio Capital Partners LLC purchased a new position in Performance Food Group in the fourth quarter worth about $2,087,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Performance Food Group in the fourth quarter worth about $3,697,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Trading Down 1.1%

NYSE PFGC opened at $83.70 on Friday. The stock has a market cap of $13.06 billion, a PE ratio of 33.75, a PEG ratio of 0.96 and a beta of 1.13. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company's 50-day moving average price is $79.64 and its 200-day moving average price is $83.52. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Performance Food Group's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup assumed coverage on Performance Food Group in a research report on Thursday. They issued a "buy" rating for the company. Barclays lifted their price target on Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial dropped their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.55.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 19,113 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the transaction, the insider now directly owns 152,293 shares in the company, valued at $13,333,252.15. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.

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.

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