Performance Food Group (NYSE:PFGC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,607 shares of the food distribution company's stock after selling 28,600 shares during the period. Renaissance Technologies LLC owned about 0.05% of Performance Food Group worth $7,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PFGC. FMR LLC increased its holdings in Performance Food Group by 0.6% during the 4th 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. boosted its stake in shares of Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after purchasing an additional 2,371,818 shares during the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $330,560,000 after buying an additional 147,080 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after buying an additional 401,235 shares during the period. Finally, Norges Bank purchased a new stake in Performance Food Group in the 4th quarter worth approximately $164,471,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on PFGC shares. Morgan Stanley upped their target price on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Barclays lowered 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 research note on Tuesday. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Stock Up 1.0 %

Performance Food Group stock traded up $0.77 during midday trading on Thursday, hitting $80.66. The stock had a trading volume of 307,224 shares, compared to its average volume of 1,113,833. The stock has a market cap of $12.60 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.96 and a beta of 1.16. The business has a fifty day moving average price of $78.42 and a 200 day moving average price of $83.16. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results 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 return on equity of 16.58% and a net margin of 0.64%. Research analysts predict that Performance Food Group will post 4.58 EPS for the current year.

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.