VIRGINIA RETIREMENT SYSTEMS ET Al Sells 5,250 Shares of Performance Food Group Company $PFGC

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Performance Food Group Company (NYSE:PFGC) by 57.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,959 shares of the food distribution company’s stock after selling 5,250 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Performance Food Group were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after buying an additional 1,964,799 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Performance Food Group in the third quarter worth $152,717,000. Invesco Ltd. increased its holdings in shares of Performance Food Group by 79.1% during the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after acquiring an additional 1,168,869 shares in the last quarter. UBS Group AG increased its holdings in shares of Performance Food Group by 246.4% during the third quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock valued at $120,508,000 after acquiring an additional 823,882 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Performance Food Group by 101.2% in the 3rd quarter. Bank of America Corp DE now owns 1,265,685 shares of the food distribution company’s stock worth $131,682,000 after purchasing an additional 636,506 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

PFGC opened at $96.12 on Tuesday. The company’s 50-day simple moving average is $88.49 and its two-hundred day simple moving average is $92.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The stock has a market capitalization of $15.10 billion, a P/E ratio of 45.77, a P/E/G ratio of 1.50 and a beta of 0.92. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. As a group, analysts predict that Performance Food Group Company will post 4.57 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on PFGC shares. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Morgan Stanley cut their price target on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Finally, Citigroup upped their price objective on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Insider Activity

In other news, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the completion of the sale, the insider owned 44,655 shares of the company’s stock, valued at $4,221,683.70. This represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.