abrdn plc Sells 13,505 Shares of Performance Food Group (NYSE:PFGC)

abrdn plc lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 43.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,884 shares of the food distribution company’s stock after selling 13,505 shares during the period. abrdn plc’s holdings in Performance Food Group were worth $1,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFGC. State of Alaska Department of Revenue raised its stake in shares of Performance Food Group by 179.2% in the fourth quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company’s stock worth $3,581,000 after acquiring an additional 33,250 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Performance Food Group by 707.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock worth $886,000 after buying an additional 11,223 shares in the last quarter. Vanguard Group Inc. boosted its position in Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock valued at $937,613,000 after buying an additional 107,449 shares during the last quarter. CX Institutional increased its stake in shares of Performance Food Group by 31.4% in the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company’s stock valued at $5,207,000 after buying an additional 18,005 shares during the period. Finally, Natixis Advisors L.P. raised its position in shares of Performance Food Group by 4.2% during the third quarter. Natixis Advisors L.P. now owns 693,538 shares of the food distribution company’s stock worth $40,822,000 after acquiring an additional 27,870 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Down 0.6 %

Shares of NYSE PFGC opened at $68.46 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The company’s fifty day moving average is $73.52 and its 200-day moving average is $68.68. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 0.97 and a beta of 1.38.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts predict that Performance Food Group will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Stephens boosted their price target on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets raised their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley raised their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $81.25.

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.