Loomis Sayles & Co. L P Has $20.24 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Loomis Sayles & Co. L P lowered its stake in Performance Food Group (NYSE:PFGC) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,368 shares of the food distribution company’s stock after selling 7,409 shares during the period. Loomis Sayles & Co. L P’s holdings in Performance Food Group were worth $20,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation N.A. lifted its stake in shares of Performance Food Group by 21.1% in the 4th quarter. Zions Bancorporation N.A. now owns 35,679 shares of the food distribution company’s stock valued at $3,017,000 after acquiring an additional 6,213 shares during the last quarter. Bridge City Capital LLC raised its position in Performance Food Group by 7.9% in the fourth quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company’s stock valued at $7,985,000 after purchasing an additional 6,918 shares during the last quarter. LPL Financial LLC raised its position in Performance Food Group by 37.1% in the fourth quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company’s stock valued at $7,992,000 after purchasing an additional 25,192 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Performance Food Group during the fourth quarter valued at about $3,697,000. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in shares of Performance Food Group by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company’s stock worth $8,964,000 after purchasing an additional 3,112 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective 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, January 21st. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays reduced their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Trading Down 0.8 %

Shares of Performance Food Group stock opened at $77.36 on Friday. The stock has a market capitalization of $12.08 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The stock has a 50 day moving average price of $83.29 and a two-hundred day moving average price of $83.24. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results 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 net margin of 0.64% and a return on equity of 16.58%. As a group, equities analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.