Performance Food Group (NYSE:PFGC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in Performance Food Group (NYSE:PFGC) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 48,068 shares of the food distribution company’s stock after selling 1,360 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Performance Food Group were worth $3,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in shares of Performance Food Group by 3.2% in the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares during the last quarter. Creative Planning increased its holdings in shares of Performance Food Group by 1.2% in the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock valued at $916,000 after purchasing an additional 140 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after purchasing an additional 142 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after acquiring an additional 160 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Performance Food Group by 0.4% during the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PFGC. UBS Group raised their target price on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.27.

Performance Food Group Trading Up 0.5 %

Shares of NYSE PFGC opened at $88.63 on Friday. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $84.72 and a 200-day simple moving average of $75.14. The stock has a market capitalization of $13.81 billion, a PE ratio of 32.70, a PEG ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities analysts forecast that Performance Food Group will post 4.73 earnings per share for the current year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares in the company, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Profile

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.