State of Alaska Department of Revenue Purchases 33,250 Shares of Performance Food Group (NYSE:PFGC)

State of Alaska Department of Revenue lifted its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 179.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,803 shares of the food distribution company's stock after purchasing an additional 33,250 shares during the period. State of Alaska Department of Revenue's holdings in Performance Food Group were worth $3,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Performance Food Group by 0.7% in the third 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. CX Institutional lifted its position in Performance Food Group by 31.4% during the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company's stock worth $5,207,000 after acquiring an additional 18,005 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Performance Food Group by 4.2% during the third quarter. Natixis Advisors L.P. now owns 693,538 shares of the food distribution company's stock valued at $40,822,000 after acquiring an additional 27,870 shares during the period. Boston Partners acquired a new stake in shares of Performance Food Group in the third quarter valued at about $7,746,000. Finally, Schechter Investment Advisors LLC increased its stake in shares of Performance Food Group by 7.1% in the third quarter. Schechter Investment Advisors LLC now owns 4,534 shares of the food distribution company's stock worth $267,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Price Performance

Shares of NYSE PFGC traded down $0.31 during trading on Wednesday, reaching $73.64. The company had a trading volume of 747,591 shares, compared to its average volume of 867,358. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The business's 50 day moving average price is $74.64 and its 200-day moving average price is $67.11. The stock has a market cap of $11.46 billion, a PE ratio of 26.88, a PEG ratio of 1.05 and a beta of 1.38. 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 - Get Free Report) 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 return on equity of 16.77% and a net margin of 0.74%. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that Performance Food Group will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of several research analyst reports. Barclays raised their price objective on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Stephens upped their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. BMO Capital Markets lifted their target price on Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $79.75.

Performance Food Group 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.