Louisiana State Employees Retirement System Buys Shares of 43,700 Performance Food Group (NYSE:PFGC)

Louisiana State Employees Retirement System bought a new stake in Performance Food Group (NYSE:PFGC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,700 shares of the food distribution company’s stock, valued at approximately $3,022,000.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Performance Food Group by 11.8% in the 1st quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock valued at $1,479,000 after acquiring an additional 3,064 shares during the last quarter. US Bancorp DE grew its stake in Performance Food Group by 8.1% during the 1st quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock worth $234,000 after buying an additional 343 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Performance Food Group during the 1st quarter worth $71,000. PNC Financial Services Group Inc. grew its stake in Performance Food Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock worth $737,000 after buying an additional 3,588 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Performance Food Group by 8.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock worth $4,516,000 after buying an additional 6,905 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PFGC has been the subject of a number of recent research reports. Stephens upped their price objective on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley increased their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays increased their price target on Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets increased their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Performance Food Group Trading Down 0.3 %

Shares of Performance Food Group stock opened at $69.02 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The business has a fifty day simple moving average of $74.34 and a 200-day simple moving average of $67.79. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share 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 during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Performance Food Group will post 4.26 EPS 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.