Performance Food Group (NYSE:PFGC) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Performance Food Group (NYSE:PFGC) by 707.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,810 shares of the food distribution company’s stock after purchasing an additional 11,223 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Performance Food Group were worth $886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PFGC. American Century Companies Inc. boosted its stake in shares of Performance Food Group by 11.8% during the 1st quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock worth $1,479,000 after purchasing an additional 3,064 shares during the last quarter. US Bancorp DE grew its stake in shares of Performance Food Group by 8.1% during the 1st quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock valued at $234,000 after buying an additional 343 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Performance Food Group in the 1st quarter valued at about $71,000. PNC Financial Services Group Inc. grew its holdings in shares of Performance Food Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock worth $737,000 after purchasing an additional 3,588 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Performance Food Group by 8.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock valued at $4,516,000 after acquiring an additional 6,905 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Performance

NYSE:PFGC opened at $69.02 on Tuesday. The firm’s 50-day moving average is $74.34 and its 200-day moving average is $67.79. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 0.98 and a beta of 1.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54.

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 firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Performance Food Group will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets raised 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. Stephens upped their price objective on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley boosted their price objective on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.