Performance Food Group (NYSE:PFGC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in Performance Food Group (NYSE:PFGC) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 284,033 shares of the food distribution company’s stock after selling 11,194 shares during the quarter. California Public Employees Retirement System’s holdings in Performance Food Group were worth $19,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after acquiring an additional 143 shares during the period. Park Avenue Securities LLC increased its stake in shares of Performance Food Group by 1.8% during the third quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company’s stock valued at $616,000 after acquiring an additional 186 shares during the period. Fifth Third Bancorp increased its stake in shares of Performance Food Group by 23.0% during the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock valued at $70,000 after acquiring an additional 189 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Performance Food Group by 3.0% during the fourth quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company’s stock valued at $569,000 after acquiring an additional 240 shares during the period. Finally, Covestor Ltd increased its stake in shares of Performance Food Group by 16.1% during the third quarter. Covestor Ltd now owns 1,965 shares of the food distribution company’s stock valued at $116,000 after acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PFGC. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Morgan Stanley raised their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Barclays raised their target price on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. BMO Capital Markets raised their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Stephens raised their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $81.25.

Performance Food Group Trading Down 0.1 %

Shares of NYSE:PFGC opened at $68.85 on Monday. The firm has a fifty day moving average of $73.64 and a two-hundred day moving average of $68.57. The firm has a market capitalization of $10.71 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05.

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

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.