Voya Investment Management LLC Sells 19,552 Shares of Performance Food Group (NYSE:PFGC)

Voya Investment Management LLC trimmed its stake in Performance Food Group (NYSE:PFGC - Free Report) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,910 shares of the food distribution company's stock after selling 19,552 shares during the quarter. Voya Investment Management LLC owned 0.05% of Performance Food Group worth $7,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Performance Food Group by 0.7% during the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock valued at $1,849,809,000 after buying an additional 157,987 shares during the last quarter. FMR LLC raised its position in Performance Food Group by 0.6% during the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock valued at $1,132,231,000 after acquiring an additional 78,855 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Performance Food Group by 154.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock valued at $330,625,000 after acquiring an additional 2,371,818 shares during the last quarter. Wellington Management Group LLP grew its position in Performance Food Group by 3.9% in the fourth quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock worth $330,560,000 after acquiring an additional 147,080 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after purchasing an additional 401,235 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PFGC. StockNews.com lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Morgan Stanley boosted their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Barclays decreased their price objective on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Price Performance

Shares of NYSE:PFGC traded up $1.46 during midday trading on Friday, reaching $82.66. The company's stock had a trading volume of 785,656 shares, compared to its average volume of 1,107,207. The business's fifty day simple moving average is $77.87 and its 200-day simple moving average is $83.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a market capitalization of $12.91 billion, a P/E ratio of 33.33, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities research analysts expect that Performance Food Group 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.