Loomis Sayles & Co. L P Sells 7,409 Shares of Performance Food Group (NYSE:PFGC)

Loomis Sayles & Co. L P lowered its stake in Performance Food Group (NYSE:PFGC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 239,368 shares of the food distribution company’s stock after selling 7,409 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.15% of Performance Food Group worth $20,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PFGC. Zions Bancorporation N.A. lifted its position in shares of Performance Food Group by 21.1% in the fourth quarter. Zions Bancorporation N.A. now owns 35,679 shares of the food distribution company’s stock valued at $3,017,000 after buying an additional 6,213 shares during the last quarter. Bridge City Capital LLC raised its stake in Performance Food Group by 7.9% in the 4th quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company’s stock valued at $7,985,000 after acquiring an additional 6,918 shares during the period. LPL Financial LLC lifted its holdings in Performance Food Group by 37.1% during the 4th quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company’s stock valued at $7,992,000 after purchasing an additional 25,192 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Performance Food Group during the fourth quarter worth $3,697,000. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Performance Food Group by 3.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company’s stock valued at $8,964,000 after purchasing an additional 3,112 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.8 %

Shares of NYSE PFGC opened at $77.36 on Friday. The stock has a market capitalization of $12.08 billion, a P/E ratio of 31.19, a PEG ratio of 0.96 and a beta of 1.40. The stock’s fifty day moving average is $83.29 and its 200 day moving average is $83.24. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. 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 (NYSE:PFGC) last released its 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%. Sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Melius began coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective for the company. 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 report on Tuesday, January 21st. Barclays dropped their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.73.

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.