Performance Food Group (NYSE:PFGC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,719 shares of the food distribution company’s stock after selling 2,020 shares during the quarter. Corient Private Wealth LLC’s holdings in Performance Food Group were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in Performance Food Group during the fourth quarter worth $42,000. Blue Trust Inc. lifted its stake in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after purchasing an additional 212 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after purchasing an additional 239 shares during the last quarter. 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. Finally, J.Safra Asset Management Corp lifted its stake in Performance Food Group by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $76.84 on Friday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The firm’s 50-day simple moving average is $84.18 and its 200 day simple moving average is $83.13. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock has a market cap of $12.00 billion, a P/E ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley raised their target price on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Melius began coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five equities 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 an average rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group 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.