Performance Food Group (NYSE:PFGC) Stake Lessened by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its holdings in Performance Food Group (NYSE:PFGC) by 3.5% in the first quarter, Holdings Channel.com reports. The firm owned 119,011 shares of the food distribution company’s stock after selling 4,265 shares during the period. Performance Food Group comprises approximately 1.3% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Thompson Investment Management Inc.’s holdings in Performance Food Group were worth $8,883,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Performance Food Group in the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new position in shares of Performance Food Group in the fourth quarter worth $29,000. Rise Advisors LLC acquired a new position in shares of Performance Food Group in the first quarter worth $29,000. Signaturefd LLC increased its stake in shares of Performance Food Group by 38.8% in the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Performance Food Group in the first quarter worth $44,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded down $2.59 during mid-day trading on Wednesday, hitting $67.33. The company had a trading volume of 350,073 shares, compared to its average volume of 996,325. The firm has a market cap of $10.48 billion, a P/E ratio of 25.43, a PEG ratio of 1.01 and a beta of 1.41. The business’s 50-day simple moving average is $69.46 and its 200-day simple moving average is $71.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.77. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. As a group, analysts predict that Performance Food Group will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Barclays lowered their target price on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

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.