California Public Employees Retirement System Sells 11,194 Shares of Performance Food Group (NYSE:PFGC)

California Public Employees Retirement System trimmed its position in Performance Food Group (NYSE:PFGC - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,033 shares of the food distribution company's stock after selling 11,194 shares during the quarter. California Public Employees Retirement System owned 0.18% of Performance Food Group worth $19,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PFGC. Vanguard Group Inc. grew its stake in shares of Performance Food Group by 0.7% during 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. FMR LLC raised its holdings in shares of Performance Food Group by 0.8% during the third 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 period. Clearbridge Investments LLC raised its holdings in shares of Performance Food Group by 16.1% during the third 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 period. Invesco Ltd. raised its holdings in shares of Performance Food Group by 8.3% during the third quarter. Invesco Ltd. now owns 3,696,115 shares of the food distribution company's stock valued at $217,553,000 after purchasing an additional 283,786 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Performance Food Group by 6.1% during the fourth quarter. Jennison Associates LLC now owns 2,293,472 shares of the food distribution company's stock valued at $158,594,000 after purchasing an additional 131,031 shares during the period. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Down 0.6 %

Performance Food Group stock traded down $0.39 during trading hours on Monday, reaching $68.46. The stock had a trading volume of 1,359,733 shares, compared to its average volume of 908,877. The company has a fifty day simple moving average of $73.64 and a 200-day simple moving average of $68.57. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.71 and a quick ratio of 0.75. The stock has a market cap of $10.65 billion, a PE ratio of 25.13, a PEG ratio of 0.97 and a beta of 1.38.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results 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 company had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Analysts forecast that Performance Food Group will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PFGC shares. BMO Capital Markets boosted their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, April 12th. Stephens increased their target price 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. Barclays increased their target price on shares of Performance Food Group from $78.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded 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 given a buy rating to the stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average target price of $81.25.

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.