Performance Food Group (NYSE:PFGC) Stock Holdings Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Performance Food Group (NYSE:PFGC) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,421 shares of the food distribution company’s stock after selling 300 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Performance Food Group were worth $627,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PFGC. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 401,235 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Performance Food Group in the 3rd quarter valued at $2,772,000. State Street Corp increased its stake in Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after purchasing an additional 97,069 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Performance Food Group by 134.7% during 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 buying an additional 371,078 shares during the period. Finally, Jennison Associates LLC lifted its stake in Performance Food Group by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock valued at $141,003,000 after buying an additional 125,532 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Up 2.2 %

NYSE:PFGC opened at $78.47 on Tuesday. The company has a market capitalization of $12.26 billion, a P/E ratio of 31.64, a P/E/G ratio of 0.96 and a beta of 1.40. The stock’s 50 day moving average price is $84.06 and its 200 day moving average price is $83.24. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44.

Performance Food Group (NYSE:PFGC) last posted 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%. On average, research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

PFGC has been the topic of several analyst reports. Melius began coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Melius Research raised Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Morgan Stanley upped their price target on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

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.