SG Americas Securities LLC Reduces Stock Position in Performance Food Group (NYSE:PFGC)

SG Americas Securities LLC trimmed its position in Performance Food Group (NYSE:PFGCGet Rating) by 72.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,830 shares of the food distribution company’s stock after selling 36,108 shares during the quarter. SG Americas Securities LLC’s holdings in Performance Food Group were worth $704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC raised its position in Performance Food Group by 69.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,944 shares of the food distribution company’s stock worth $455,000 after buying an additional 3,671 shares during the last quarter. FourThought Financial LLC raised its holdings in shares of Performance Food Group by 16.6% during the first quarter. FourThought Financial LLC now owns 1,676 shares of the food distribution company’s stock worth $85,000 after purchasing an additional 239 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Performance Food Group by 184.5% during the first quarter. Daiwa Securities Group Inc. now owns 112,352 shares of the food distribution company’s stock valued at $5,720,000 after purchasing an additional 72,857 shares during the period. Comerica Bank boosted its holdings in Performance Food Group by 9.6% in the first quarter. Comerica Bank now owns 177,316 shares of the food distribution company’s stock valued at $9,515,000 after purchasing an additional 15,491 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Performance Food Group during the 1st quarter worth about $88,000.

Analyst Ratings Changes

PFGC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Performance Food Group from $62.00 to $58.00 in a research note on Friday, May 13th. Truist Financial cut their target price on shares of Performance Food Group from $65.00 to $62.00 in a report on Thursday, June 30th. Barclays increased their price target on shares of Performance Food Group from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, June 30th. Finally, Berenberg Bank started coverage on shares of Performance Food Group in a report on Wednesday, May 18th. They issued a “buy” rating and a $71.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.

Performance Food Group Trading Down 0.5 %

PFGC stock opened at $50.53 on Wednesday. Performance Food Group has a 12-month low of $38.23 and a 12-month high of $58.13. The business’s 50-day moving average is $45.79 and its 200 day moving average is $47.93. The company has a current ratio of 1.59, a quick ratio of 0.71 and a debt-to-equity ratio of 1.27. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 109.85 and a beta of 1.31.

Performance Food Group (NYSE:PFGCGet Rating) last announced its earnings results on Wednesday, May 11th. The food distribution company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $13.08 billion for the quarter, compared to analysts’ expectations of $13.11 billion. Performance Food Group had a net margin of 0.15% and a return on equity of 10.51%. During the same quarter in the previous year, the company posted $0.19 EPS. On average, sell-side analysts anticipate that Performance Food Group will post 2.57 EPS for the current fiscal year.

Performance Food Group Company Profile

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Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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