Price T Rowe Associates Inc. MD Decreases Stake in Performance Food Group (NYSE:PFGC)

Price T Rowe Associates Inc. MD reduced its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 721,853 shares of the food distribution company's stock after selling 73,958 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.46% of Performance Food Group worth $61,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Performance Food Group during the fourth quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in Performance Food Group during the fourth quarter worth about $42,000. Blue Trust Inc. raised its holdings in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after buying an additional 313 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 1.8 %

Shares of NYSE PFGC traded up $1.46 during trading hours on Friday, hitting $82.66. 785,656 shares of the stock were exchanged, compared to its average volume of 1,107,544. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The firm has a fifty day moving average price of $77.87 and a 200-day moving average price of $83.18. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $12.91 billion, a PE ratio of 33.33, a PEG ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, sell-side analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several research reports. Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. 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. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley raised their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $95.09.

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.