Performance Food Group (NYSE:PFGC) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its stake in Performance Food Group (NYSE:PFGC) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,781 shares of the food distribution company’s stock after selling 17,705 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Performance Food Group were worth $22,218,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after buying an additional 2,773,547 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Performance Food Group by 32.0% in the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after acquiring an additional 724,094 shares during the period. Primecap Management Co. CA increased its holdings in shares of Performance Food Group by 29.1% in the 3rd quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock valued at $164,446,000 after acquiring an additional 473,050 shares during the period. JPMorgan Chase & Co. raised its position in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after purchasing an additional 372,218 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their target price on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Melius started coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target for the company. Finally, Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Performance Food Group Price Performance

PFGC stock opened at $88.88 on Friday. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.96 and a beta of 1.43. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $86.57 and a 200-day moving average of $78.76. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. As a group, equities analysts expect that Performance Food Group will post 4.74 EPS for the current fiscal 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.