BNP Paribas Financial Markets Has $11.46 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

BNP Paribas Financial Markets lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,218 shares of the food distribution company’s stock after selling 26,354 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Performance Food Group worth $11,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Performance Food Group during the 3rd quarter worth about $26,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group during the 2nd quarter worth about $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Stock Up 0.4 %

Shares of PFGC stock opened at $88.24 on Monday. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $89.73. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The firm has a market cap of $13.75 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The stock has a 50 day moving average of $82.53 and a 200-day moving average of $73.96.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts predict that Performance Food Group will post 4.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PFGC shares. Wells Fargo & Company lifted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Truist Financial raised their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Guggenheim upped their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.27.

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.