Nisa Investment Advisors LLC Purchases 13,631 Shares of Performance Food Group Company $PFGC

Nisa Investment Advisors LLC lifted its position in Performance Food Group Company (NYSE:PFGC) by 901.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,143 shares of the food distribution company’s stock after purchasing an additional 13,631 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Performance Food Group were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Performance Food Group during the second quarter worth about $163,954,000. Primecap Management Co. CA boosted its position in shares of Performance Food Group by 22.1% during the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after acquiring an additional 465,807 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Performance Food Group during the second quarter worth about $24,726,000. Qube Research & Technologies Ltd grew its holdings in shares of Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock worth $28,764,000 after purchasing an additional 273,997 shares in the last quarter. Finally, Holocene Advisors LP increased its position in shares of Performance Food Group by 8.6% in the second quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock worth $269,318,000 after purchasing an additional 244,793 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Performance Food Group stock opened at $94.18 on Thursday. The firm has a fifty day simple moving average of $93.13 and a two-hundred day simple moving average of $97.54. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a market capitalization of $14.77 billion, a PE ratio of 45.28, a P/E/G ratio of 1.12 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The firm had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein initiated coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price target for the company. Citigroup cut their target price on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Barclays reduced their target price on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Wall Street Zen lowered Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research report on Thursday, December 18th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.22.

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.