Performance Food Group (NYSE:PFGC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Performance Food Group (NYSE:PFGC) by 6,612.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,725 shares of the food distribution company’s stock after purchasing an additional 114,986 shares during the quarter. International Assets Investment Management LLC owned 0.08% of Performance Food Group worth $8,072,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of Performance Food Group by 15.5% in the 3rd quarter. Raymond James & Associates now owns 191,955 shares of the food distribution company’s stock valued at $11,298,000 after purchasing an additional 25,715 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Performance Food Group during the 3rd quarter worth about $203,000. Stratos Wealth Partners LTD. boosted its position in shares of Performance Food Group by 46.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,441 shares of the food distribution company’s stock worth $497,000 after acquiring an additional 2,670 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Performance Food Group by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,475,973 shares of the food distribution company’s stock worth $86,876,000 after acquiring an additional 35,858 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Performance Food Group by 17.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,450 shares of the food distribution company’s stock valued at $1,792,000 after acquiring an additional 4,522 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 0.4 %

NYSE PFGC opened at $69.52 on Tuesday. The firm’s fifty day moving average is $72.86 and its two-hundred day moving average is $69.15. Performance Food Group has a one year low of $52.92 and a one year high of $78.54. 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 $10.82 billion, a PE ratio of 25.37, a P/E/G ratio of 0.95 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last issued 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). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the firm earned $0.83 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Performance Food Group will post 4.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PFGC. Barclays upped 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. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley boosted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Stephens lifted their target price on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.