Performance Food Group (NYSE:PFGC) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 957,716 shares of the food distribution company’s stock after purchasing an additional 59,978 shares during the quarter. New York State Common Retirement Fund owned 0.62% of Performance Food Group worth $66,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PFGC. Vanguard Group Inc. lifted its holdings in Performance Food Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock worth $937,613,000 after buying an additional 107,449 shares during the last quarter. FMR LLC lifted its holdings in Performance Food Group by 0.8% during the 3rd quarter. FMR LLC now owns 12,441,763 shares of the food distribution company’s stock worth $732,322,000 after buying an additional 98,756 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Performance Food Group by 16.1% during the 3rd quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company’s stock worth $373,684,000 after buying an additional 879,232 shares during the last quarter. Invesco Ltd. lifted its holdings in Performance Food Group by 8.3% during the 3rd quarter. Invesco Ltd. now owns 3,696,115 shares of the food distribution company’s stock worth $217,553,000 after buying an additional 283,786 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Performance Food Group by 6.1% during the 4th quarter. Jennison Associates LLC now owns 2,293,472 shares of the food distribution company’s stock worth $158,594,000 after buying an additional 131,031 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Up 0.4 %

Shares of PFGC stock opened at $69.28 on Wednesday. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The stock has a market cap of $10.78 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The business’s fifty day moving average is $73.90 and its 200-day moving average is $68.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stephens raised their price target on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley lifted their target price on Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. BMO Capital Markets lifted their target price on Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays lifted their target price on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

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.