Headlands Technologies LLC Sells 1,066 Shares of Performance Food Group (NYSE:PFGC)

Headlands Technologies LLC lowered its holdings in Performance Food Group (NYSE:PFGC) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,089 shares of the food distribution company’s stock after selling 1,066 shares during the period. Headlands Technologies LLC’s holdings in Performance Food Group were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. HighPoint Advisor Group LLC boosted its stake in shares of Performance Food Group by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company’s stock worth $389,000 after buying an additional 121 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Performance Food Group by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after purchasing an additional 142 shares during the last quarter. Highland Capital Management LLC boosted its position in Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. grew its stake in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Performance Food Group by 1.1% during the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock worth $1,597,000 after purchasing an additional 213 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Down 3.5 %

PFGC stock opened at $73.39 on Friday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.96 and a beta of 1.40. The business’s fifty day moving average price is $82.19 and its two-hundred day moving average price is $83.46.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PFGC shares. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Morgan Stanley lifted their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Barclays lowered their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Five 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, Performance Food Group has a consensus rating of “Moderate Buy” and an average price target of $95.73.

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.