New York State Teachers Retirement System Sells 129 Shares of Performance Food Group (NYSE:PFGC)

New York State Teachers Retirement System lessened its position in Performance Food Group (NYSE:PFGC) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,388 shares of the food distribution company’s stock after selling 129 shares during the period. New York State Teachers Retirement System’s holdings in Performance Food Group were worth $16,013,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. 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 acquiring an additional 239 shares during the last quarter. abrdn plc grew its holdings in Performance Food Group by 3.8% in the 4th quarter. abrdn plc now owns 17,699 shares of the food distribution company’s stock worth $1,490,000 after acquiring an additional 649 shares during the last quarter. Trust Point Inc. grew its holdings in Performance Food Group by 23.8% in the 4th quarter. Trust Point Inc. now owns 4,645 shares of the food distribution company’s stock worth $393,000 after acquiring an additional 894 shares during the last quarter. Jennison Associates LLC grew its holdings in Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock worth $141,003,000 after acquiring an additional 125,532 shares during the last quarter. Finally, Custom Index Systems LLC lifted its position in shares of Performance Food Group by 4.9% in the 4th quarter. Custom Index Systems LLC now owns 5,794 shares of the food distribution company’s stock worth $490,000 after purchasing an additional 272 shares during the period. Institutional investors own 96.87% of the company’s stock.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group 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 directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PFGC. Melius Research raised shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. UBS Group raised their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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 for the company. Finally, Truist Financial raised their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Trading Down 0.9 %

Shares of NYSE PFGC opened at $87.20 on Monday. The stock has a market cap of $13.62 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The firm has a 50-day moving average of $86.90 and a 200 day moving average of $81.45.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Performance Food Group will post 4.6 EPS for the current fiscal year.

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.