Natixis Advisors L.P. Has $44.59 Million Holdings in Performance Food Group (NYSE:PFGC)

Natixis Advisors L.P. lowered its stake in Performance Food Group (NYSE:PFGC - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 644,850 shares of the food distribution company's stock after selling 48,688 shares during the period. Natixis Advisors L.P. owned approximately 0.41% of Performance Food Group worth $44,591,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PFGC. Benjamin Edwards Inc. raised its holdings in Performance Food Group by 7,530.4% during the 4th quarter. Benjamin Edwards Inc. now owns 21,060 shares of the food distribution company's stock worth $1,456,000 after buying an additional 20,784 shares during the period. Victory Capital Management Inc. lifted its position in shares of Performance Food Group by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,983,707 shares of the food distribution company's stock valued at $137,173,000 after acquiring an additional 65,370 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Performance Food Group in the 4th quarter worth approximately $234,000. Headlands Technologies LLC purchased a new position in Performance Food Group during the 4th quarter worth approximately $48,000. Finally, Leeward Investments LLC MA raised its stake in Performance Food Group by 14.0% during the 4th quarter. Leeward Investments LLC MA now owns 274,805 shares of the food distribution company's stock valued at $19,003,000 after purchasing an additional 33,839 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Up 1.1 %

PFGC traded up $0.72 during midday trading on Friday, hitting $69.21. 1,023,258 shares of the company's stock traded hands, compared to its average volume of 1,114,639. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.71 and a quick ratio of 0.75. The company has a market cap of $10.77 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.40. Performance Food Group has a one year low of $52.92 and a one year high of $78.54. The stock's fifty day simple moving average is $72.99 and its 200-day simple moving average is $68.96.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. As a group, equities analysts anticipate that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PFGC. StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a report on Thursday, February 8th. Barclays increased their price target on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Morgan Stanley boosted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, April 12th. Stephens increased their target price on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets lifted their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

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.