Performance Food Group (NYSE:PFGC) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its holdings in Performance Food Group (NYSE:PFGC) by 62.3% during the third quarter, HoldingsChannel.com reports. The firm owned 15,074 shares of the food distribution company’s stock after selling 24,956 shares during the period. Bridgewater Associates LP’s holdings in Performance Food Group were worth $1,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PFGC. Tidal Investments LLC raised its position in shares of Performance Food Group by 15.3% during the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company’s stock valued at $586,000 after acquiring an additional 1,042 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Performance Food Group during the 1st quarter valued at approximately $354,000. Atria Investments Inc raised its position in shares of Performance Food Group by 79.3% during the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company’s stock valued at $2,180,000 after acquiring an additional 12,919 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Performance Food Group by 257.2% during the 1st quarter. Cetera Investment Advisers now owns 45,851 shares of the food distribution company’s stock valued at $3,422,000 after acquiring an additional 33,015 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Performance Food Group during the 1st quarter valued at approximately $546,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group upped their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Truist Financial upped their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.27.

Performance Food Group Trading Up 0.4 %

NYSE:PFGC opened at $88.24 on Monday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $89.73. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 0.95 and a beta of 1.44. The business has a fifty day moving average of $82.53 and a 200-day moving average of $73.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70.

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

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.