Kennedy Capital Management LLC Decreases Stock Position in Performance Food Group (NYSE:PFGC)

Kennedy Capital Management LLC lessened its stake in Performance Food Group (NYSE:PFGC) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 184,105 shares of the food distribution company’s stock after selling 19,485 shares during the quarter. Kennedy Capital Management LLC’s holdings in Performance Food Group were worth $15,566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millstone Evans Group LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division purchased a new position in shares of Performance Food Group during the 4th quarter valued at approximately $42,000. Blue Trust Inc. boosted its stake 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 valued at $42,000 after buying an additional 212 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Performance Food Group by 51.4% during 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 during the last quarter. Finally, UMB Bank n.a. lifted its stake in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

PFGC has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Melius Research upgraded Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Melius started coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Finally, Barclays dropped their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Stock Up 8.8 %

Shares of NYSE:PFGC opened at $78.18 on Thursday. The firm has a market cap of $12.21 billion, a P/E ratio of 31.52, a P/E/G ratio of 0.96 and a beta of 1.16. The company has a quick ratio of 0.72, a current ratio of 1.67 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. The business has a fifty day simple moving average of $80.57 and a 200 day simple moving average of $83.33.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

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.