Summit Global Investments Decreases Holdings in Performance Food Group (NYSE:PFGC)

Summit Global Investments reduced its holdings in shares of Performance Food Group (NYSE:PFGC) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,486 shares of the food distribution company’s stock after selling 336 shares during the quarter. Summit Global Investments’ holdings in Performance Food Group were worth $1,986,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in Performance Food Group in the fourth quarter valued at approximately $42,000. Blue Trust Inc. lifted its position in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after buying an additional 239 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 valued at $65,000 after buying an additional 313 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock valued at $66,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PFGC shares. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Melius started coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price for the company. Morgan Stanley upped their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Up 1.1 %

Shares of Performance Food Group stock opened at $76.84 on Friday. The company has a market cap of $12.00 billion, a P/E ratio of 30.98, a PEG ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm has a fifty day moving average of $84.18 and a two-hundred day moving average of $83.13.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. On average, analysts forecast that Performance Food Group will post 4.58 earnings per share for the current 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.