Mitsubishi UFJ Trust & Banking Corp Sells 5,626 Shares of Performance Food Group (NYSE:PFGC)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Performance Food Group (NYSE:PFGC) by 53.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,983 shares of the food distribution company’s stock after selling 5,626 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Performance Food Group were worth $421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in shares of Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after buying an additional 142 shares during the last quarter. Highland Capital Management LLC lifted its position in shares of Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock valued at $1,597,000 after purchasing an additional 213 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays lowered their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note 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 report on Tuesday, January 21st. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Stock Up 2.0 %

NYSE:PFGC opened at $81.03 on Thursday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a 50-day moving average price of $82.76 and a two-hundred day moving average price of $83.47. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 0.96 and a beta of 1.40. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts expect that Performance Food Group will post 4.58 earnings per share 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.