Maryland State Retirement & Pension System Cuts Position in Performance Food Group (NYSE:PFGC)

Maryland State Retirement & Pension System lowered its position in Performance Food Group (NYSE:PFGC) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 8,158 shares of the food distribution company’s stock after selling 570 shares during the period. Maryland State Retirement & Pension System’s holdings in Performance Food Group were worth $690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its position in shares of Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock worth $329,000 after purchasing an additional 142 shares during the last quarter. Highland Capital Management LLC lifted its holdings in Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after buying an additional 183 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after acquiring an additional 212 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Performance Food Group by 1.1% in the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock valued at $1,597,000 after acquiring an additional 213 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in shares of Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

PFGC has been the subject of a number of research analyst reports. Melius assumed coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Melius Research raised 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 reduced their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays decreased their price objective on shares of 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. Finally, StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Trading Up 2.2 %

NYSE:PFGC opened at $78.47 on Tuesday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $84.06 and its 200-day simple moving average is $83.24. The firm has a market cap of $12.26 billion, a P/E ratio of 31.64, a PEG ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 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%. Equities analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

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.