Louisiana State Employees Retirement System Makes New $3.02 Million Investment in Performance Food Group (NYSE:PFGC)

Louisiana State Employees Retirement System purchased a new stake in Performance Food Group (NYSE:PFGC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 43,700 shares of the food distribution company's stock, valued at approximately $3,022,000.

A number of other hedge funds have also modified their holdings of PFGC. Park Avenue Securities LLC raised its holdings in Performance Food Group by 1.8% during the 3rd quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company's stock worth $616,000 after buying an additional 186 shares during the period. Fifth Third Bancorp raised its holdings in Performance Food Group by 23.0% during the 4th quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company's stock worth $70,000 after buying an additional 189 shares during the period. Utah Retirement Systems raised its holdings in shares of Performance Food Group by 2.5% in the fourth quarter. Utah Retirement Systems now owns 8,200 shares of the food distribution company's stock valued at $479,000 after purchasing an additional 200 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Performance Food Group by 3.0% in the fourth quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company's stock valued at $569,000 after purchasing an additional 240 shares during the last quarter. Finally, Toroso Investments LLC raised its holdings in shares of Performance Food Group by 5.1% in the third quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company's stock valued at $227,000 after purchasing an additional 254 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Up 1.4 %

Shares of NYSE:PFGC traded up $0.95 during midday trading on Tuesday, hitting $69.98. The stock had a trading volume of 1,169,003 shares, compared to its average volume of 902,453. 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 business's 50-day simple moving average is $74.27 and its 200-day simple moving average is $67.86. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The company has a market cap of $10.89 billion, a P/E ratio of 25.54, a PEG ratio of 0.98 and a beta of 1.38.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the firm earned $0.83 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Performance Food Group from $78.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Stephens lifted their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday. BMO Capital Markets lifted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Finally, StockNews.com raised shares of 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 assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

About Performance Food Group

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.