JPMorgan Chase & Co. Sells 128,436 Shares of Performance Food Group (NYSE:PFGC)

JPMorgan Chase & Co. decreased its stake in shares of Performance Food Group (NYSE:PFGC) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,684,166 shares of the food distribution company’s stock after selling 128,436 shares during the quarter. JPMorgan Chase & Co. owned about 2.36% of Performance Food Group worth $311,496,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. grew its position in shares of Performance Food Group by 3.9% during the third quarter. Citigroup Inc. now owns 88,312 shares of the food distribution company’s stock valued at $6,921,000 after purchasing an additional 3,298 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Performance Food Group by 14.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,742 shares of the food distribution company’s stock valued at $372,000 after buying an additional 599 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Performance Food Group by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,107 shares of the food distribution company’s stock worth $2,673,000 after acquiring an additional 442 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Performance Food Group by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 21,363 shares of the food distribution company’s stock worth $1,674,000 after acquiring an additional 981 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Performance Food Group by 89.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,558 shares of the food distribution company’s stock valued at $357,000 after purchasing an additional 2,149 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays lowered their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Morgan Stanley boosted their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Finally, Melius assumed coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Down 0.8 %

NYSE:PFGC opened at $77.36 on Monday. The stock has a fifty day simple moving average of $83.29 and a 200-day simple moving average of $83.41. 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 market cap of $12.08 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

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 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%. Analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Performance Food Group 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.