New York State Common Retirement Fund Sells 76,255 Shares of Performance Food Group Company $PFGC

New York State Common Retirement Fund trimmed its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 owned 0.42% of Performance Food Group worth $68,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Performance Food Group in the 2nd quarter valued at about $163,954,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Performance Food Group in the 3rd quarter worth $152,717,000. Primecap Management Co. CA grew its position in shares of Performance Food Group by 22.1% during the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after buying an additional 465,807 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Performance Food Group during the second quarter valued at $24,726,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after buying an additional 273,997 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $97.97 on Friday. The company has a 50 day moving average price of $93.23 and a 200 day moving average price of $98.00. The firm has a market capitalization of $15.36 billion, a P/E ratio of 47.10, a PEG ratio of 1.18 and a beta of 0.93. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. The company had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. Performance Food Group’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. Sell-side analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PFGC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a research report on Thursday, December 18th. Citigroup cut their price objective on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. UBS Group reissued a “buy” rating and issued a $120.00 price objective on shares of Performance Food Group in a research note on Friday, December 19th. Finally, Piper Sandler dropped their target price on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.22.

Performance Food Group 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.