Artemis Investment Management LLP Reduces Stake in Performance Food Group (NYSE:PFGC)

Artemis Investment Management LLP lowered its stake in Performance Food Group (NYSE:PFGC) by 22.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,707 shares of the food distribution company’s stock after selling 74,951 shares during the period. Artemis Investment Management LLP’s holdings in Performance Food Group were worth $17,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new position in shares of Performance Food Group during the first quarter valued at approximately $29,000. Signaturefd LLC boosted its position in shares of Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after buying an additional 143 shares during the period. Mather Group LLC. purchased a new position in shares of Performance Food Group during the first quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PFGC shares. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Barclays lowered their price target on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Finally, Morgan Stanley lowered their price target on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.57.

Performance Food Group Stock Down 0.0 %

NYSE:PFGC traded down $0.03 during trading hours on Monday, reaching $65.30. The company’s stock had a trading volume of 248,109 shares, compared to its average volume of 1,051,416. The company has a market capitalization of $10.16 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.42. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The stock has a 50 day moving average price of $66.53 and a two-hundred day moving average price of $70.40.

Performance Food Group Company 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.