Teachers Retirement System of The State of Kentucky Trims Stock Position in Performance Food Group (NYSE:PFGC)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Performance Food Group (NYSE:PFGC) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,428 shares of the food distribution company’s stock after selling 2,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Performance Food Group were worth $3,418,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in Performance Food Group by 179.2% during the fourth quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company’s stock valued at $3,581,000 after acquiring an additional 33,250 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Performance Food Group by 707.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock worth $886,000 after buying an additional 11,223 shares in the last quarter. Vanguard Group Inc. grew its stake in Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock worth $937,613,000 after buying an additional 107,449 shares in the last quarter. CX Institutional grew its stake in Performance Food Group by 31.4% in the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company’s stock worth $5,207,000 after buying an additional 18,005 shares in the last quarter. Finally, Leeward Investments LLC MA grew its stake in Performance Food Group by 14.0% in the 4th quarter. Leeward Investments LLC MA now owns 274,805 shares of the food distribution company’s stock worth $19,003,000 after buying an additional 33,839 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $68.05 on Wednesday. The company has a fifty day moving average of $69.64 and a 200-day moving average of $71.23. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts expect that Performance Food Group will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Barclays cut their price target on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Finally, Morgan Stanley upped their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

Performance Food Group Company 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.