Dimensional Fund Advisors LP Has $115.96 Million Stake in Performance Food Group (NYSE:PFGC)

Dimensional Fund Advisors LP increased its stake in Performance Food Group (NYSE:PFGC - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,676,789 shares of the food distribution company's stock after purchasing an additional 137,645 shares during the quarter. Dimensional Fund Advisors LP owned 1.08% of Performance Food Group worth $115,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PFGC. State of Alaska Department of Revenue boosted its stake in shares of Performance Food Group by 179.2% during the 4th quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company's stock worth $3,581,000 after acquiring an additional 33,250 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Performance Food Group by 707.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company's stock worth $886,000 after acquiring an additional 11,223 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Performance Food Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company's stock worth $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% during the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company's stock worth $5,207,000 after acquiring an additional 18,005 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in shares of 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 valued at $40,822,000 after purchasing an additional 27,870 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PFGC. Barclays reduced their price target on shares of Performance Food Group from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Thursday, May 9th. BMO Capital Markets lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Morgan Stanley boosted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, April 12th. Finally, Stephens boosted their price objective 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average target price of $81.14.

Performance Food Group Trading Down 0.9 %

PFGC stock traded down $0.62 during trading on Tuesday, reaching $71.56. 958,968 shares of the stock were exchanged, compared to its average volume of 1,009,885. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $71.80 and a 200-day moving average price of $70.20. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.07 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Performance Food Group's revenue was up .6% on a year-over-year basis. On average, research analysts predict that Performance Food Group will post 4.21 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.