Cerity Partners LLC Invests $1.29 Million in Performance Food Group (NYSE:PFGC)

Cerity Partners LLC 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 fund purchased 18,694 shares of the food distribution company's stock, valued at approximately $1,293,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Performance Food Group by 0.7% in the 3rd 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. BlackRock Inc. increased its holdings in shares of Performance Food Group by 0.3% in the 1st quarter. BlackRock Inc. now owns 13,608,782 shares of the food distribution company's stock worth $821,154,000 after buying an additional 44,032 shares during the last quarter. Wellington Management Group LLP grew its holdings in Performance Food Group by 11.3% during the 1st quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company's stock valued at $677,034,000 after purchasing an additional 1,349,095 shares during the last quarter. FMR LLC grew its holdings in Performance Food Group by 0.8% during the 3rd quarter. FMR LLC now owns 12,441,763 shares of the food distribution company's stock valued at $732,322,000 after purchasing an additional 98,756 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Performance Food Group by 16.1% during the 3rd quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company's stock valued at $373,684,000 after purchasing an additional 879,232 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PFGC shares. Stephens upped their price target 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. Barclays upped their price target 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. BMO Capital Markets upped their price target 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. Morgan Stanley upped their price target 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, April 12th. Finally, StockNews.com upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a report 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.25.

Performance Food Group Trading Up 0.6 %

Performance Food Group stock traded up $0.44 during trading hours on Friday, hitting $68.48. The company had a trading volume of 1,553,639 shares, compared to its average volume of 993,755. The firm has a market cap of $10.65 billion, a P/E ratio of 24.99, a P/E/G ratio of 0.97 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 has a 1 year low of $52.92 and a 1 year high of $78.54. The company has a 50-day moving average price of $74.04 and a two-hundred day moving average price of $68.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same period in the previous year, the company posted $0.83 EPS. Performance Food Group's revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Performance Food Group will post 4.26 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.