Performance Food Group (NYSE:PFGC) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Performance Food Group (NYSE:PFGC) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 114,385 shares of the food distribution company’s stock after selling 5,495 shares during the quarter. Strs Ohio’s holdings in Performance Food Group were worth $7,909,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock valued at $937,613,000 after purchasing an additional 107,449 shares in the last quarter. BlackRock Inc. grew its stake in shares of Performance Food Group by 0.3% during the first quarter. BlackRock Inc. now owns 13,608,782 shares of the food distribution company’s stock valued at $821,154,000 after acquiring an additional 44,032 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Performance Food Group by 11.3% during the first quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company’s stock valued at $677,034,000 after acquiring an additional 1,349,095 shares in the last quarter. FMR LLC grew its stake in shares of Performance Food Group by 0.8% during the third quarter. FMR LLC now owns 12,441,763 shares of the food distribution company’s stock valued at $732,322,000 after acquiring an additional 98,756 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Performance Food Group by 16.1% during the third quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company’s stock valued at $373,684,000 after acquiring an additional 879,232 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Down 2.1 %

Performance Food Group stock opened at $68.52 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The firm’s 50 day moving average price is $74.19 and its two-hundred day moving average price is $67.87.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. On average, research analysts predict that Performance Food Group will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PFGC. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets increased 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 report on Thursday, February 8th. Morgan Stanley increased their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Stephens raised their target price on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Barclays lifted their price target on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

About Performance Food Group

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.