New York State Teachers Retirement System Boosts Holdings in Performance Food Group Company $PFGC

New York State Teachers Retirement System boosted its stake in Performance Food Group Company (NYSE:PFGC) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,399 shares of the food distribution company’s stock after acquiring an additional 8,112 shares during the period. New York State Teachers Retirement System’s holdings in Performance Food Group were worth $15,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. Asset Planning Inc bought a new position in shares of Performance Food Group during the 1st quarter valued at approximately $35,000. Torren Management LLC purchased a new stake in shares of Performance Food Group during the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $43,000. Clearstead Advisors LLC raised its holdings in shares of Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after purchasing an additional 335 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 537 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Stock Down 0.1%

Performance Food Group stock opened at $112.96 on Friday. The firm has a 50 day simple moving average of $98.66 and a 200 day simple moving average of $93.72. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $113.17. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 53.79, a P/E/G ratio of 1.41 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PFGC. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Guggenheim upped their price target on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. Citigroup lifted their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Insider Buying and Selling

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the completion of the transaction, the insider owned 44,655 shares in the company, valued at $4,221,683.70. This trade represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A Brent King sold 6,111 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the sale, the insider owned 44,260 shares in the company, valued at approximately $4,647,300. This represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,187 shares of company stock valued at $3,027,315. 4.50% of the stock is owned by company insiders.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.