New York State Common Retirement Fund lessened its holdings in Performance Food Group (NYSE:PFGC – Get Rating) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 834,696 shares of the food distribution company’s stock after selling 27,495 shares during the quarter. New York State Common Retirement Fund owned 0.54% of Performance Food Group worth $48,738,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PFGC. Oregon Public Employees Retirement Fund raised its position in Performance Food Group by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 45,267 shares of the food distribution company’s stock worth $1,944,000 after purchasing an additional 207 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Performance Food Group in the 3rd quarter worth approximately $4,842,000. Quadrant Capital Group LLC lifted its position in shares of Performance Food Group by 43.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 834 shares of the food distribution company’s stock worth $36,000 after buying an additional 251 shares during the period. Toroso Investments LLC boosted its stake in Performance Food Group by 5.1% in the 3rd quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company’s stock valued at $227,000 after buying an additional 254 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Performance Food Group by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 21,790 shares of the food distribution company’s stock worth $1,272,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on PFGC shares. Barclays upped their target price on shares of Performance Food Group from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Stephens reiterated an “overweight” rating and issued a $68.00 target price on shares of Performance Food Group in a research note on Friday, February 24th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 25th. TheStreet upgraded Performance Food Group from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Finally, Morgan Stanley boosted their price objective on Performance Food Group from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.36.
Performance Food Group Stock Down 0.3 %
Performance Food Group (NYSE:PFGC – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The food distribution company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Performance Food Group had a return on equity of 16.15% and a net margin of 0.47%. The company had revenue of $13.90 billion during the quarter, compared to analysts’ expectations of $13.89 billion. During the same period in the prior year, the business posted $0.57 EPS. Performance Food Group’s revenue was up 8.3% on a year-over-year basis. Research analysts predict that Performance Food Group will post 3.77 EPS for the current year.
Insiders Place Their Bets
In other news, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $56.31, for a total value of $28,155.00. Following the completion of the transaction, the insider now owns 153,790 shares of the company’s stock, valued at approximately $8,659,914.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $56.31, for a total value of $28,155.00. Following the completion of the transaction, the insider now directly owns 153,790 shares in the company, valued at approximately $8,659,914.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald S. Bulmer sold 970 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $59.81, for a total value of $58,015.70. Following the sale, the insider now directly owns 33,196 shares of the company’s stock, valued at $1,985,452.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,970 shares of company stock worth $116,801. Company insiders own 2.80% of the company’s stock.
About Performance Food Group
Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.
Read More
- Get a free copy of the StockNews.com research report on Performance Food Group (PFGC)
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