Treasurer of the State of North Carolina Increases Position in Performance Food Group (NYSE:PFGC)

Treasurer of the State of North Carolina lifted its holdings in Performance Food Group (NYSE:PFGC) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,193 shares of the food distribution company’s stock after purchasing an additional 420 shares during the period. Treasurer of the State of North Carolina’s holdings in Performance Food Group were worth $5,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFGC. Millstone Evans Group LLC purchased a new stake in Performance Food Group in the fourth quarter worth $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group in the fourth quarter worth about $42,000. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC lifted its holdings in 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 in the last quarter. Finally, UMB Bank n.a. boosted its position in Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after buying an additional 313 shares during the period. 96.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

PFGC has been the subject of a number of research reports. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Melius Research upgraded Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Melius began 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 objective for the company. Finally, Morgan Stanley raised their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Trading Up 1.1 %

NYSE PFGC opened at $76.28 on Tuesday. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a 50 day moving average price of $79.75 and a 200 day moving average price of $83.32. 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 firm has a market cap of $11.92 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16.

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