SG Americas Securities LLC Has $112,000 Stock Position in Performance Food Group (NYSE:PFGC)

SG Americas Securities LLC lowered its holdings in shares of Performance Food Group (NYSE:PFGC) by 73.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,321 shares of the food distribution company’s stock after selling 3,657 shares during the period. SG Americas Securities LLC’s holdings in Performance Food Group were worth $112,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of Performance Food Group by 56.1% during the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock worth $1,330,000 after buying an additional 6,099 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Performance Food Group during the 3rd quarter worth $2,772,000. State Street Corp raised its holdings in shares of Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after buying an additional 97,069 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after purchasing an additional 371,078 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim upped their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays lowered their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Truist Financial upped their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Finally, Melius assumed coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Trading Up 1.8 %

Shares of PFGC stock opened at $85.45 on Thursday. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.96 and a beta of 1.44. The stock has a 50-day moving average of $87.09 and a 200-day moving average of $81.14. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

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 net margin of 0.64% and a return on equity of 16.58%. On average, equities research analysts forecast that Performance Food Group will post 4.6 earnings per share for the current year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now owns 192,868 shares in the company, valued at $17,026,387.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by corporate insiders.

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.