Performance Food Group (NYSE:PFGC) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Performance Food Group (NYSE:PFGC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 957,716 shares of the food distribution company's stock after purchasing an additional 59,978 shares during the period. New York State Common Retirement Fund owned approximately 0.62% of Performance Food Group worth $66,226,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. bought a new position in Performance Food Group during the fourth quarter valued at approximately $29,000. Signaturefd LLC grew its position in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company's stock valued at $35,000 after acquiring an additional 143 shares during the last quarter. Fifth Third Bancorp grew its position in Performance Food Group by 50.4% during the third quarter. Fifth Third Bancorp now owns 821 shares of the food distribution company's stock valued at $48,000 after acquiring an additional 275 shares during the last quarter. Covestor Ltd grew its position in Performance Food Group by 16.1% during the third quarter. Covestor Ltd now owns 1,965 shares of the food distribution company's stock valued at $116,000 after acquiring an additional 272 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Performance Food Group during the third quarter valued at approximately $127,000. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Up 0.2 %

Shares of NYSE:PFGC traded up $0.12 on Wednesday, hitting $69.39. 637,152 shares of the company traded hands, compared to its average volume of 903,280. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The stock has a 50 day simple moving average of $73.90 and a 200-day simple moving average of $68.29. The company has a market cap of $10.80 billion, a PE ratio of 25.32, a PEG ratio of 0.98 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05.

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 the consensus estimate of $0.92 by ($0.02). The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. Performance Food Group's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, research analysts expect that Performance Food Group will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, April 12th. BMO Capital Markets raised their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Barclays raised their price target on 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 raised their price target on Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Finally, StockNews.com raised Performance Food Group from a "hold" rating to a "buy" rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.