Performance Food Group Company $PFGC Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its position in Performance Food Group Company (NYSE:PFGC) by 16.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,596 shares of the food distribution company’s stock after selling 39,736 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.13% of Performance Food Group worth $21,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PFGC. Parkside Financial Bank & Trust lifted its holdings in Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Performance Food Group by 0.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock worth $3,215,000 after purchasing an additional 125 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Performance Food Group by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after purchasing an additional 131 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Performance Food Group by 0.8% during the second quarter. Orion Porfolio Solutions LLC now owns 24,960 shares of the food distribution company’s stock worth $2,183,000 after buying an additional 189 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in Performance Food Group by 40.8% in the second quarter. CENTRAL TRUST Co now owns 690 shares of the food distribution company’s stock worth $60,000 after buying an additional 200 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.4%

PFGC opened at $93.80 on Monday. The company has a market capitalization of $14.71 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The business has a 50-day moving average of $93.04 and a 200-day moving average of $97.96.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the subject of several research reports. Citigroup reduced their price objective on Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Morgan Stanley set a $123.00 target price on shares of Performance Food Group in a report on Tuesday, January 20th. Finally, UBS Group reissued a “buy” rating and issued a $120.00 target price on shares of Performance Food Group in a research report on Friday, December 19th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.22.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.