Performance Food Group (NYSE:PFGC) Stock Position Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Performance Food Group (NYSE:PFGC) by 36.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,499 shares of the food distribution company’s stock after selling 32,323 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Performance Food Group were worth $4,349,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PFGC. Blue Trust Inc. lifted its stake in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group during the third quarter worth $26,000. Innealta Capital LLC acquired a new stake in shares of Performance Food Group during the second quarter worth $30,000. Venturi Wealth Management LLC lifted its position in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after buying an additional 274 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now directly owns 192,868 shares of the company’s stock, valued at $17,026,387.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PFGC. Jefferies Financial Group raised their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Morgan Stanley reissued an “equal weight” rating and set a $92.00 price target on shares of Performance Food Group in a report on Monday, October 28th. Piper Sandler lifted their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets raised their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays lifted their price target on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.27.

Performance Food Group Price Performance

NYSE PFGC opened at $88.65 on Friday. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The firm has a market capitalization of $13.81 billion, a PE ratio of 32.71, a P/E/G ratio of 0.96 and a beta of 1.44. The company’s 50 day simple moving average is $84.72 and its 200 day simple moving average is $75.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. As a group, equities research analysts forecast that Performance Food Group will post 4.73 EPS for the current fiscal 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.