Performance Food Group (NYSE:PFGC) Stake Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Performance Food Group (NYSE:PFGC) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,083,432 shares of the food distribution company’s stock after selling 52,005 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.33% of Performance Food Group worth $176,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in Performance Food Group during the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $42,000. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC grew its holdings in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after buying an additional 239 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after acquiring an additional 313 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Up 2.7 %

Shares of NYSE PFGC opened at $79.96 on Thursday. The business has a fifty day simple moving average of $78.42 and a 200-day simple moving average of $83.16. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 0.96 and a beta of 1.16. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PFGC shares. Morgan Stanley lifted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays lowered their price target on Performance Food Group from $102.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $95.09.

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.