Performance Food Group (NYSE:PFGC) Shares Bought by New York State Teachers Retirement System

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System grew its position in shares of Performance Food Group (NYSE:PFGC – Get Rating) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 157,648 shares of the food distribution company’s stock after purchasing an additional 11,517 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Performance Food Group worth $9,205,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Koshinski Asset Management Inc. acquired a new position in shares of Performance Food Group during the 3rd quarter valued at $4,842,000. Armstrong Advisory Group Inc. acquired a new position in shares of Performance Food Group during the 4th quarter valued at $38,000. Guardian Wealth Advisors LLC acquired a new position in shares of Performance Food Group during the 3rd quarter valued at $28,000. Quadrant Capital Group LLC increased 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 valued at $36,000 after purchasing an additional 251 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Performance Food Group during the 3rd quarter valued at $53,000. 97.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Performance Food Group

In related news, insider Donald S. Bulmer sold 970 shares of Performance Food Group stock in a transaction on Monday, February 13th. The stock was sold at an average price of $59.81, for a total transaction of $58,015.70. Following the completion of the sale, the insider now owns 33,196 shares of the company’s stock, valued at $1,985,452.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 153,790 shares of the company’s stock, valued at $8,659,914.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald S. Bulmer sold 970 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $59.81, for a total value of $58,015.70. Following the completion of the sale, the insider now directly owns 33,196 shares of the company’s stock, valued at approximately $1,985,452.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,970 shares of company stock valued at $116,801. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PFGC shares. UBS Group lifted their price target on Performance Food Group from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Morgan Stanley lifted their target price on Performance Food Group from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, March 25th. Stephens restated an “overweight” rating and issued a $68.00 target price on shares of Performance Food Group in a report on Friday, February 24th. Finally, Wells Fargo & Company lifted their target price on Performance Food Group from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, January 4th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.36.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $60.30 on Friday. The stock has a market cap of $9.42 billion, a PE ratio of 35.06 and a beta of 1.36. The business has a fifty day simple moving average of $58.35 and a 200-day simple moving average of $56.46. The company has a quick ratio of 0.73, a current ratio of 1.71 and a debt-to-equity ratio of 1.16. Performance Food Group has a 12 month low of $38.23 and a 12 month high of $63.13.

Performance Food Group (NYSE:PFGC – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The food distribution company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $13.90 billion during the quarter, compared to analysts’ expectations of $13.89 billion. Performance Food Group had a return on equity of 16.15% and a net margin of 0.47%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. On average, sell-side analysts anticipate that Performance Food Group will post 3.77 EPS for the current fiscal year.

Performance Food Group Profile

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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.