New York State Teachers Retirement System Sells 15,066 Shares of Performance Food Group Company (NYSE:PFGC)

New York State Teachers Retirement System lowered its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,322 shares of the food distribution company's stock after selling 15,066 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Performance Food Group worth $13,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PFGC. Millstone Evans Group LLC bought a new position in Performance Food Group in the 4th quarter valued at approximately $26,000. CENTRAL TRUST Co raised its holdings in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after buying an additional 334 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after buying an additional 226 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after buying an additional 707 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Barclays increased their target price on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Truist Financial decreased their target price on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, UBS Group increased their target price on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.08.

Insider Activity

In other news, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total transaction of $735,704.00. Following the sale, the insider directly owned 46,722 shares in the company, valued at $4,191,897.84. The trade was a 14.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider A Brent King sold 12,866 shares of Performance Food Group stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32. Following the sale, the insider owned 60,952 shares in the company, valued at $5,486,899.04. The trade was a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,972 shares of company stock valued at $5,964,073 over the last quarter. 2.80% of the stock is owned by insiders.

Performance Food Group Stock Up 0.8%

NYSE PFGC traded up $0.68 during mid-day trading on Friday, hitting $88.87. The company's stock had a trading volume of 353,739 shares, compared to its average volume of 1,092,297. The company's 50 day simple moving average is $86.17 and its 200 day simple moving average is $83.56. Performance Food Group Company has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 1.25 and a beta of 1.15.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. Performance Food Group's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current 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.