Performance Food Group Company $PFGC Shares Acquired by Strs Ohio

Strs Ohio increased its stake in shares of Performance Food Group Company (NYSE:PFGC) by 54.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,751 shares of the food distribution company’s stock after buying an additional 52,734 shares during the quarter. Strs Ohio owned about 0.10% of Performance Food Group worth $15,580,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in Performance Food Group by 346.4% during the 3rd quarter. Covestor Ltd now owns 866 shares of the food distribution company’s stock worth $90,000 after acquiring an additional 672 shares during the period. Triasima Portfolio Management inc. increased its holdings in shares of Performance Food Group by 210.8% in the third quarter. Triasima Portfolio Management inc. now owns 8,806 shares of the food distribution company’s stock valued at $916,000 after purchasing an additional 5,973 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Performance Food Group during the third quarter worth approximately $39,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Performance Food Group by 6.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,424 shares of the food distribution company’s stock worth $749,000 after purchasing an additional 465 shares during the period. Finally, Quantum Portfolio Management LLC lifted its holdings in shares of Performance Food Group by 50.1% during the third quarter. Quantum Portfolio Management LLC now owns 8,891 shares of the food distribution company’s stock worth $925,000 after purchasing an additional 2,968 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Barclays reduced their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Sanford C. Bernstein started coverage on Performance Food Group in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 target price on the stock. Finally, UBS Group reissued a “buy” rating and set a $120.00 target price on shares of Performance Food Group in a research note on Friday, December 19th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $118.22.

Performance Food Group Trading Down 0.4%

Shares of PFGC opened at $93.80 on Monday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a current ratio of 1.67, a quick ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $14.71 billion, a P/E ratio of 45.10, a PEG ratio of 1.13 and a beta of 0.93. The firm’s 50-day moving average is $93.04 and its two-hundred day moving average is $97.96.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results 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. The business had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 EPS. On average, research analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

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.