New York State Common Retirement Fund Has $57.92 Million Stock Holdings in Performance Food Group Company (NYSE:PFGC)

New York State Common Retirement Fund lowered its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. HighPoint Advisor Group LLC boosted its holdings in shares of Performance Food Group by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after buying an additional 121 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Performance Food Group by 4.6% during the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after buying an additional 130 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Performance Food Group by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock worth $366,000 after buying an additional 208 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Performance Food Group by 6.9% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock worth $256,000 after buying an additional 209 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Performance Food Group by 26.1% during the 1st quarter. Fifth Third Bancorp now owns 1,144 shares of the food distribution company's stock worth $90,000 after buying an additional 237 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of research reports. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. 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. Citigroup initiated coverage on Performance Food Group in a research report on Thursday, May 22nd. They set a "buy" rating and a $121.00 target price on the stock. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Finally, Barclays upped their target price on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $100.08.

Insider Transactions at Performance Food Group

In other news, insider A Brent King sold 12,866 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the completion of the transaction, the insider owned 60,952 shares in the company, valued at approximately $5,486,899.04. This represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Howard Hoskins sold 19,113 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total value of $1,673,343.15. Following the transaction, the insider owned 152,293 shares of the company's stock, valued at $13,333,252.15. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,972 shares of company stock worth $5,964,073 over the last 90 days. 2.80% of the stock is owned by insiders.

Performance Food Group Trading Up 4.9%

NYSE PFGC opened at $94.88 on Monday. The firm has a market capitalization of $14.81 billion, a P/E ratio of 39.53, a PEG ratio of 1.33 and a beta of 1.15. The business has a fifty day simple moving average of $87.14 and a 200 day simple moving average of $83.73. Performance Food Group Company has a 12 month low of $63.24 and a 12 month high of $96.02. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. On average, analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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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