Performance Food Group (NYSE:PFGC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in Performance Food Group (NYSE:PFGC) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,156 shares of the food distribution company’s stock after selling 20,271 shares during the period. Teacher Retirement System of Texas’ holdings in Performance Food Group were worth $13,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 11.8% in 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 purchasing an additional 401,235 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Performance Food Group in the third quarter valued at about $2,772,000. State Street Corp lifted its stake in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after purchasing an additional 97,069 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after purchasing an additional 371,078 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Performance Food Group by 8.1% in the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock valued at $141,003,000 after purchasing an additional 125,532 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on PFGC shares. Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective for the company. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Barclays cut their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. 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 shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Stock Performance

Shares of NYSE PFGC opened at $76.84 on Friday. The company has a market cap of $12.00 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a 50-day simple moving average of $84.18 and a 200-day simple moving average of $83.06.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results 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, equities analysts anticipate 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.