Vanguard Group Inc. Sells 14,275 Shares of Performance Food Group (NYSE:PFGC)

Vanguard Group Inc. lowered its position in Performance Food Group (NYSE:PFGC) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,915,269 shares of the food distribution company’s stock after selling 14,275 shares during the quarter. Vanguard Group Inc. owned 10.23% of Performance Food Group worth $1,100,541,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Performance Food Group during the 4th quarter worth about $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Performance Food Group during the fourth quarter valued at approximately $29,000. Signaturefd LLC grew its stake in shares of Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after purchasing an additional 143 shares during the period. Headlands Technologies LLC bought a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $48,000. Finally, Fifth Third Bancorp raised its holdings in shares of Performance Food Group by 23.0% in the 4th quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock worth $70,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of PFGC stock opened at $67.28 on Friday. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 0.99 and a beta of 1.41. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $69.50 and a 200 day moving average price of $71.18.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts expect that Performance Food Group will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PFGC. Barclays cut their price objective on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Morgan Stanley increased 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. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $81.14.

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.