State of Alaska Department of Revenue Lowers Stock Position in Performance Food Group (NYSE:PFGC)

State of Alaska Department of Revenue lessened its holdings in Performance Food Group (NYSE:PFGC – Get Rating) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,530 shares of the food distribution company’s stock after selling 740 shares during the quarter. State of Alaska Department of Revenue’s holdings in Performance Food Group were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its holdings in Performance Food Group by 7.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 715,841 shares of the food distribution company’s stock valued at $32,914,000 after purchasing an additional 49,781 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Performance Food Group by 22.2% during the 2nd quarter. New York State Teachers Retirement System now owns 140,725 shares of the food distribution company’s stock worth $6,471,000 after acquiring an additional 25,600 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Performance Food Group by 23.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,730 shares of the food distribution company’s stock worth $80,000 after acquiring an additional 330 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Performance Food Group by 949.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,721 shares of the food distribution company’s stock worth $5,781,000 after acquiring an additional 113,747 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Performance Food Group by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 144,253 shares of the food distribution company’s stock worth $6,633,000 after acquiring an additional 5,974 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Performance Food Group Stock Up 5.6 %

Shares of NYSE PFGC opened at $59.89 on Monday. The firm has a fifty day moving average of $58.05 and a 200-day moving average of $51.95. The company has a quick ratio of 0.71, a current ratio of 1.64 and a debt-to-equity ratio of 1.19. Performance Food Group has a 52-week low of $38.23 and a 52-week high of $62.00. The stock has a market capitalization of $9.32 billion, a PE ratio of 45.72 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PFGC. Barclays boosted their price target on Performance Food Group from $68.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday. Stephens boosted their price target on Performance Food Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their price target on Performance Food Group from $67.00 to $72.00 in a research note on Thursday, November 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Performance Food Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Finally, TheStreet upgraded Performance Food Group from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $70.00.

Insider Buying and Selling

In related news, insider Christine R. Vlahcevic sold 4,210 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $59.65, for a total transaction of $251,126.50. Following the completion of the sale, the insider now directly owns 15,930 shares of the company’s stock, valued at approximately $950,224.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total transaction of $26,175.00. Following the completion of the sale, the insider now directly owns 155,790 shares of the company’s stock, valued at approximately $8,155,606.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christine R. Vlahcevic sold 4,210 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $59.65, for a total transaction of $251,126.50. Following the completion of the transaction, the insider now directly owns 15,930 shares of the company’s stock, valued at $950,224.50. The disclosure for this sale can be found here. In the last three months, insiders sold 8,710 shares of company stock valued at $515,552. Company insiders own 2.80% of the company’s stock.

About Performance Food Group

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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 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.