California State Teachers Retirement System Trims Position in Performance Food Group Company $PFGC

California State Teachers Retirement System lessened its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,551 shares of the food distribution company's stock after selling 5,142 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Performance Food Group worth $19,960,216 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Performance Food Group in the 2nd quarter valued at $1,576,983,000. Goldman Sachs Group Inc. raised its position in Performance Food Group by 9.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company's stock valued at $125,972,000 after purchasing an additional 121,202 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Performance Food Group by 7.3% during the fourth quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company's stock worth $18,645,000 after acquiring an additional 14,173 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Performance Food Group by 30.9% in the 4th quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company's stock valued at $4,408,000 after purchasing an additional 11,569 shares during the period. Finally, CenterBook Partners LP lifted its position in shares of Performance Food Group by 438.1% during the 4th quarter. CenterBook Partners LP now owns 27,460 shares of the food distribution company's stock valued at $2,469,000 after acquiring an additional 22,357 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PFGC shares. Guggenheim upped their price objective on Performance Food Group from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, June 29th. TD Cowen lowered their price target on shares of Performance Food Group from $120.00 to $115.00 and set a "buy" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $133.00 price objective on shares of Performance Food Group in a research note on Thursday, August 13th. Citigroup lifted their target price on Performance Food Group from $143.00 to $144.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and a consensus target price of $126.40.

Insider Buying and Selling at Performance Food Group

In other news, insider Erika T. Davis sold 1,320 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider owned 40,402 shares in the company, valued at $4,253,926.58. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chasity D. Grosh sold 643 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $104.42, for a total transaction of $67,142.06. Following the transaction, the insider owned 7,222 shares of the company's stock, valued at approximately $754,121.24. The trade was a 8.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 43,049 shares of company stock worth $4,510,505. 4.50% of the stock is owned by corporate insiders.

Performance Food Group Trading Down 3.3%

PFGC traded down $3.12 during trading on Tuesday, reaching $90.05. 990,094 shares of the company's stock were exchanged, compared to its average volume of 1,914,557. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51. The firm has a market capitalization of $14.18 billion, a PE ratio of 39.24, a P/E/G ratio of 1.20 and a beta of 0.88. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The company's fifty day moving average price is $107.25 and its 200-day moving average price is $98.69.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that Performance Food Group Company will post 5.6 EPS for the current year.

Performance Food Group Company Profile

Performance Food Group Company NYSE: PFGC is a food and food-related products distributor serving businesses across the United States and Canada. The company supplies restaurants, foodservice operators, schools, healthcare facilities, hospitality businesses, vending and entertainment venues, and convenience stores.

Performance Food Group operates through three primary businesses: Foodservice, Vistar and Convenience. Its offerings include fresh and frozen foods, dry groceries, beverages, ingredients, disposable supplies, and specialty products such as candy, snacks and theater concessions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.