New York State Common Retirement Fund Sells 4,782 Shares of Performance Food Group Company (NYSE:PFGC)

New York State Common Retirement Fund reduced its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 736,619 shares of the food distribution company's stock after selling 4,782 shares during the period. New York State Common Retirement Fund owned approximately 0.47% of Performance Food Group worth $57,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. boosted its stake in shares of Performance Food Group by 1.6% in the 1st quarter. Xponance Inc. now owns 20,748 shares of the food distribution company's stock worth $1,631,000 after buying an additional 332 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Performance Food Group by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 37,403 shares of the food distribution company's stock worth $2,941,000 after buying an additional 500 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Performance Food Group by 196.4% in the 1st quarter. Cerity Partners LLC now owns 174,789 shares of the food distribution company's stock worth $13,744,000 after buying an additional 115,818 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Performance Food Group by 6.9% during the first quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. Finally, VELA Investment Management LLC lifted its position in Performance Food Group by 8.6% during the first quarter. VELA Investment Management LLC now owns 46,601 shares of the food distribution company's stock valued at $3,664,000 after purchasing an additional 3,705 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

NYSE:PFGC traded down $0.73 on Thursday, reaching $99.18. 2,769,996 shares of the company's stock traded hands, compared to its average volume of 1,139,539. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. The stock has a 50-day simple moving average of $88.36 and a 200-day simple moving average of $84.12. The firm has a market cap of $15.48 billion, a PE ratio of 41.32, a P/E/G ratio of 1.40 and a beta of 1.15. Performance Food Group Company has a 12 month low of $63.24 and a 12 month high of $100.26.

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 16.17% and a net margin of 0.61%. The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same period last year, the firm posted $0.80 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Transactions at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of Performance Food Group stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the insider directly owned 35,239 shares of the company's stock, valued at approximately $3,347,705. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider A Brent King sold 7,865 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $747,175.00. Following the sale, the insider directly owned 61,083 shares in the company, valued at $5,802,885. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,837 shares of company stock valued at $6,901,248. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their target price on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday. Truist Financial lowered their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. UBS Group lifted their target price on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Barclays lifted their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.31.

About Performance Food Group

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.