Retirement Systems of Alabama Has $16.02 Million Stake in Performance Food Group (NYSE:PFGC)

Retirement Systems of Alabama cut its stake in Performance Food Group (NYSE:PFGC) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,446 shares of the food distribution company’s stock after selling 101,357 shares during the quarter. Retirement Systems of Alabama’s holdings in Performance Food Group were worth $16,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning grew its holdings in Performance Food Group by 102.7% during the second quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock valued at $763,000 after purchasing an additional 5,849 shares during the period. Cetera Investment Advisers raised its stake in Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after buying an additional 186 shares during the period. Sanctuary Advisors LLC acquired a new position in Performance Food Group in the second quarter valued at about $243,000. GAMMA Investing LLC raised its position in shares of Performance Food Group by 30.9% during the third quarter. GAMMA Investing LLC now owns 1,157 shares of the food distribution company’s stock worth $91,000 after purchasing an additional 273 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after purchasing an additional 365 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Transactions at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Down 1.2 %

PFGC opened at $87.15 on Friday. The stock’s fifty day simple moving average is $87.32 and its 200 day simple moving average is $80.49. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The stock has a market cap of $13.58 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

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 16.66% and a net margin of 0.72%. As a group, research analysts expect that Performance Food Group will post 4.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Melius began coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target on the stock. UBS Group increased their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial upped their price target on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.00.

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.