Illinois Municipal Retirement Fund Buys 5,861 Shares of Performance Food Group Company $PFGC

Illinois Municipal Retirement Fund grew its stake in shares of Performance Food Group Company (NYSE:PFGC) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,295 shares of the food distribution company’s stock after acquiring an additional 5,861 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Performance Food Group were worth $7,730,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PFGC. Parkside Financial Bank & Trust boosted its holdings in Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Performance Food Group by 0.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock valued at $3,215,000 after buying an additional 125 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Performance Food Group by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock worth $711,000 after buying an additional 131 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Performance Food Group by 0.8% in the second quarter. Orion Porfolio Solutions LLC now owns 24,960 shares of the food distribution company’s stock worth $2,183,000 after acquiring an additional 189 shares during the period. Finally, CENTRAL TRUST Co increased its position in Performance Food Group by 40.8% during the second quarter. CENTRAL TRUST Co now owns 690 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 200 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the sale, the insider directly owned 6,601 shares in the company, valued at approximately $607,490.03. The trade was a 21.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Performance Food Group Stock Performance

NYSE PFGC opened at $98.00 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.45. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The business has a 50-day moving average price of $92.97 and a 200-day moving average price of $97.61. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 44.55, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The business had revenue of $16.44 billion during the quarter, compared to analysts’ expectations of $16.54 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research reports. Barclays dropped their target price on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. UBS Group dropped their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Guggenheim restated a “buy” rating on shares of Performance Food Group in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Finally, Citigroup dropped their price target on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.44.

Performance Food Group Company Profile

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.