California Public Employees Retirement System Sells 6,489 Shares of Performance Food Group (NYSE:PFGC)

California Public Employees Retirement System reduced its stake in shares of Performance Food Group (NYSE:PFGCGet Rating) by 2.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 298,248 shares of the food distribution company’s stock after selling 6,489 shares during the period. California Public Employees Retirement System owned about 0.19% of Performance Food Group worth $13,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. State of Michigan Retirement System boosted its stake in shares of Performance Food Group by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 39,303 shares of the food distribution company’s stock worth $2,001,000 after buying an additional 203 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Performance Food Group by 0.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 25,945 shares of the food distribution company’s stock worth $1,193,000 after buying an additional 234 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Performance Food Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 41,951 shares of the food distribution company’s stock worth $1,929,000 after buying an additional 237 shares during the last quarter. Securian Asset Management Inc. boosted its stake in shares of Performance Food Group by 1.7% in the 2nd quarter. Securian Asset Management Inc. now owns 14,130 shares of the food distribution company’s stock worth $650,000 after buying an additional 241 shares during the last quarter. Finally, Glassman Wealth Services boosted its stake in shares of Performance Food Group by 65.3% in the 2nd quarter. Glassman Wealth Services now owns 661 shares of the food distribution company’s stock worth $30,000 after buying an additional 261 shares during the last quarter. 99.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PFGC. Piper Sandler boosted their target price on Performance Food Group from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. Morgan Stanley upped their price objective on Performance Food Group from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, November 10th. Stephens began coverage on Performance Food Group in a research note on Thursday, September 22nd. They issued an “overweight” rating and a $60.00 price objective on the stock. Truist Financial upped their price objective on Performance Food Group from $67.00 to $72.00 in a research note on Thursday, November 10th. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $68.40.

Performance Food Group Trading Down 0.5 %

Performance Food Group stock opened at $58.27 on Monday. The stock has a market cap of $9.07 billion, a P/E ratio of 44.48, a PEG ratio of 1.04 and a beta of 1.35. Performance Food Group has a fifty-two week low of $38.23 and a fifty-two week high of $59.58. The firm’s fifty day moving average price is $49.30 and its 200-day moving average price is $47.86. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.71 and a current ratio of 1.64.

Insider Transactions at Performance Food Group

In other news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the transaction, the insider now owns 155,790 shares of the company’s stock, valued at $8,155,606.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the transaction, the insider now owns 155,790 shares of the company’s stock, valued at $8,155,606.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider George L. Holm sold 32,904 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $51.56, for a total value of $1,696,530.24. Following the completion of the transaction, the insider now directly owns 1,465,015 shares in the company, valued at approximately $75,536,173.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,904 shares of company stock valued at $1,744,495. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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