GW&K Investment Management LLC Sells 38,063 Shares of Performance Food Group (NYSE:PFGC)

GW&K Investment Management LLC trimmed its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,077,922 shares of the food distribution company's stock after selling 38,063 shares during the period. GW&K Investment Management LLC owned 0.69% of Performance Food Group worth $74,538,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company's stock valued at $937,613,000 after purchasing an additional 107,449 shares during the last quarter. FMR LLC lifted its stake in shares of Performance Food Group by 0.8% in the 3rd quarter. FMR LLC now owns 12,441,763 shares of the food distribution company's stock valued at $732,322,000 after purchasing an additional 98,756 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Performance Food Group by 2.1% in the 4th quarter. Clearbridge Investments LLC now owns 6,484,836 shares of the food distribution company's stock valued at $448,426,000 after purchasing an additional 136,141 shares during the period. Invesco Ltd. lifted its stake in shares of Performance Food Group by 8.3% in the 3rd quarter. Invesco Ltd. now owns 3,696,115 shares of the food distribution company's stock valued at $217,553,000 after purchasing an additional 283,786 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Performance Food Group by 6.1% in the 4th quarter. Jennison Associates LLC now owns 2,293,472 shares of the food distribution company's stock valued at $158,594,000 after purchasing an additional 131,031 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded down $1.82 during trading on Monday, hitting $72.18. 1,045,641 shares of the company's stock were exchanged, compared to its average volume of 1,010,411. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The business has a 50-day simple moving average of $71.80 and a 200-day simple moving average of $70.20. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.07 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business's revenue was up .6% compared to the same quarter last year. On average, research analysts forecast that Performance Food Group will post 4.21 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on PFGC shares. Morgan Stanley boosted their target price on 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. StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Barclays lowered their price objective on Performance Food Group from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets lifted their price objective on Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Finally, Stephens boosted their price target on Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average target price of $81.14.

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.