Summit Global Investments Buys New Holdings in Performance Food Group (NYSE:PFGC)

Summit Global Investments bought a new position in Performance Food Group (NYSE:PFGC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,917 shares of the food distribution company's stock, valued at approximately $3,798,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in shares of Performance Food Group by 179.2% in the fourth quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company's stock valued at $3,581,000 after purchasing an additional 33,250 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Performance Food Group by 707.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company's stock valued at $886,000 after buying an additional 11,223 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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 valued at $937,613,000 after acquiring an additional 107,449 shares during the last quarter. CX Institutional boosted its stake in shares of Performance Food Group by 31.4% in the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company's stock valued at $5,207,000 after purchasing an additional 18,005 shares during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in Performance Food Group by 4.2% during the 3rd quarter. Natixis Advisors L.P. now owns 693,538 shares of the food distribution company's stock worth $40,822,000 after acquiring an additional 27,870 shares during the period. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 0.1 %

Shares of NYSE:PFGC traded up $0.06 during midday trading on Thursday, hitting $68.49. The stock had a trading volume of 1,038,753 shares, compared to its average volume of 945,962. 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 $73.12 and its 200-day simple moving average is $68.77. 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 $10.66 billion, a P/E ratio of 25.00, a PEG ratio of 0.93 and a beta of 1.39.

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 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The business's revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. On average, sell-side analysts forecast that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on PFGC. Barclays increased their price target on Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. BMO Capital Markets boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Stephens increased their price objective on Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. StockNews.com raised Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.25.

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.