Ontario Teachers Pension Plan Board Has $348,000 Holdings in Performance Food Group (NYSE:PFGC)

Ontario Teachers Pension Plan Board reduced its stake in shares of Performance Food Group (NYSE:PFGC) by 47.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,110 shares of the food distribution company’s stock after selling 3,785 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Performance Food Group were worth $348,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PFGC. FMR LLC increased its stake in shares of Performance Food Group by 0.6% in the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company’s stock valued at $1,132,231,000 after buying an additional 78,855 shares during the period. Victory Capital Management Inc. increased its position in Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock valued at $330,625,000 after purchasing an additional 2,371,818 shares during the period. Wellington Management Group LLP raised its holdings in Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company’s stock worth $330,560,000 after purchasing an additional 147,080 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after purchasing an additional 401,235 shares during the period. Finally, Norges Bank bought a new stake in shares of Performance Food Group in the 4th quarter valued at $164,471,000. 96.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Barclays lowered their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Price Performance

Shares of PFGC opened at $75.93 on Friday. The business’s fifty day moving average is $79.12 and its 200 day moving average is $83.19. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. 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 $11.86 billion, a P/E ratio of 30.62, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC) last released 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%. Sell-side analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.