New York State Common Retirement Fund Reduces Stock Position in Performance Food Group Company $PFGC

New York State Common Retirement Fund trimmed its position in Performance Food Group Company (NYSE:PFGC) by 10.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 662,971 shares of the food distribution company’s stock after selling 76,255 shares during the quarter. New York State Common Retirement Fund’s holdings in Performance Food Group were worth $68,976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. one8zero8 LLC acquired a new position in Performance Food Group in the 3rd quarter worth approximately $239,000. Ballentine Partners LLC purchased a new stake in shares of Performance Food Group in the 3rd quarter valued at $257,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Performance Food Group by 2.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,877 shares of the food distribution company’s stock valued at $1,964,000 after acquiring an additional 514 shares during the last quarter. Savoir Faire Capital Management L.P. increased its stake in shares of Performance Food Group by 74.5% in the third quarter. Savoir Faire Capital Management L.P. now owns 88,807 shares of the food distribution company’s stock worth $9,239,000 after acquiring an additional 37,920 shares during the period. Finally, Sage Rhino Capital LLC purchased a new position in shares of Performance Food Group during the third quarter worth $212,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Up 0.6%

Performance Food Group stock opened at $97.97 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The stock has a market capitalization of $15.36 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.93. The business has a 50 day simple moving average of $93.23 and a 200-day simple moving average of $98.00. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. On average, analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on PFGC. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Piper Sandler decreased their price objective on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Citigroup reduced their price target on Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Finally, Barclays lowered their price objective on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and a consensus price target of $118.22.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.