Natixis Advisors LLC Lowers Holdings in Performance Food Group (NYSE:PFGC)

Natixis Advisors LLC trimmed its holdings in Performance Food Group (NYSE:PFGC) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 213,609 shares of the food distribution company’s stock after selling 7,935 shares during the quarter. Natixis Advisors LLC owned 0.14% of Performance Food Group worth $18,061,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Performance Food Group in the third quarter valued at $2,772,000. State Street Corp boosted its holdings in Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after acquiring an additional 371,078 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Performance Food Group in the third quarter worth about $3,032,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Stock Down 0.6 %

Shares of NYSE PFGC opened at $76.60 on Wednesday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The stock has a market cap of $11.97 billion, a PE ratio of 30.89, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average of $84.70 and a 200 day moving average of $83.14.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (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%. As a group, sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Melius initiated coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective for the company. Finally, StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average price target 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.