Natixis Advisors LLC Reduces Holdings in Performance Food Group (NYSE:PFGC)

Natixis Advisors LLC lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,609 shares of the food distribution company’s stock after selling 7,935 shares during the period. Natixis Advisors LLC’s holdings in Performance Food Group were worth $18,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of Performance Food Group during the 4th quarter worth approximately $42,000. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% during the 4th 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 period. V Square Quantitative Management LLC boosted its position in shares of 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 worth $60,000 after purchasing an additional 239 shares during the period. UMB Bank n.a. boosted its position in shares of Performance Food Group by 69.1% during the 4th 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 period. Finally, J.Safra Asset Management Corp boosted its position in shares of Performance Food Group by 40.8% during the 4th 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 period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Performance Food Group Price Performance

Shares of PFGC opened at $76.60 on Wednesday. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm’s fifty day simple moving average is $84.70 and its 200-day simple moving average is $83.14. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 0.96 and a beta of 1.40. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. Equities analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PFGC. Morgan Stanley increased their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Finally, Barclays reduced their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.73.

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.