Headlands Technologies LLC Sells 1,066 Shares of Performance Food Group (NYSE:PFGC)

Headlands Technologies LLC lowered its stake in Performance Food Group (NYSE:PFGC) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,089 shares of the food distribution company’s stock after selling 1,066 shares during the period. Headlands Technologies LLC’s holdings in Performance Food Group were worth $177,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after purchasing an additional 2,371,818 shares during the last quarter. Norges Bank acquired a new position in shares of Performance Food Group during the 4th quarter worth $164,471,000. JPMorgan Chase & Co. lifted its position in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Performance Food Group by 658.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock valued at $38,902,000 after buying an additional 399,430 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after acquiring an additional 371,078 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PFGC shares. Melius started coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target on the stock. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Barclays cut their price target 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. Finally, Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Stock Performance

NYSE:PFGC opened at $73.39 on Friday. 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 has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a 50 day simple moving average of $82.19 and a two-hundred day simple moving average of $83.46. The company has a market capitalization of $11.46 billion, a PE ratio of 29.59, a P/E/G ratio of 0.96 and a beta of 1.40.

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%. Research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

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.