Teacher Retirement System of Texas Lowers Stock Holdings in Performance Food Group Company (NYSE:PFGC)

Teacher Retirement System of Texas lessened its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,165 shares of the food distribution company's stock after selling 92,991 shares during the period. Teacher Retirement System of Texas' holdings in Performance Food Group were worth $4,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PFGC. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at $26,000. CENTRAL TRUST Co lifted its stake in Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after acquiring an additional 334 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after acquiring an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Performance Food Group by 34,133.3% during the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock worth $81,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Insider Transactions at Performance Food Group

In related news, insider Erika T. Davis sold 8,200 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total transaction of $735,704.00. Following the transaction, the insider owned 46,722 shares in the company, valued at $4,191,897.84. This trade represents a 14.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the completion of the transaction, the insider owned 51,350 shares in the company, valued at $4,621,500. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,972 shares of company stock worth $5,964,073. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research reports. Citigroup initiated coverage on Performance Food Group in a research note 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 note on Thursday, May 29th. Morgan Stanley increased their price target on Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Truist Financial reduced their price target 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. Finally, Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.08.

Performance Food Group Stock Up 4.9%

Shares of NYSE PFGC traded up $4.45 during midday trading on Friday, hitting $94.88. 4,637,266 shares of the company's stock were exchanged, compared to its average volume of 1,100,097. The firm's fifty day simple moving average is $86.89 and its 200-day simple moving average is $83.69. The company has a market cap of $14.81 billion, a PE ratio of 39.53, a P/E/G ratio of 1.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. Performance Food Group Company has a twelve month low of $61.90 and a twelve month high of $99.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Research analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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.