International Assets Investment Management LLC Increases Stake in Performance Food Group (NYSE:PFGC)

International Assets Investment Management LLC grew its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 6,612.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,725 shares of the food distribution company's stock after acquiring an additional 114,986 shares during the quarter. International Assets Investment Management LLC owned 0.08% of Performance Food Group worth $8,072,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PFGC. Park Avenue Securities LLC boosted its position in Performance Food Group by 1.8% in the third quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company's stock valued at $616,000 after buying an additional 186 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Performance Food Group by 23.0% in the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company's stock worth $70,000 after acquiring an additional 189 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Performance Food Group by 3.0% during the fourth quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company's stock worth $569,000 after purchasing an additional 240 shares during the last quarter. Covestor Ltd lifted 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 purchasing an additional 272 shares during the period. Finally, Schechter Investment Advisors LLC boosted its holdings in Performance Food Group by 7.1% in the third quarter. Schechter Investment Advisors LLC now owns 4,534 shares of the food distribution company's stock valued at $267,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded down $0.25 during midday trading on Tuesday, hitting $69.30. 1,742,207 shares of the company traded hands, compared to its average volume of 965,418. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.95 and a beta of 1.40. The business has a 50 day simple moving average of $72.72 and a two-hundred day simple moving average of $69.25. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts forecast that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley lifted 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. Barclays boosted 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 note on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price objective 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. Finally, Stephens raised their target price on Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.