State of New Jersey Common Pension Fund D Decreases Holdings in Performance Food Group (NYSE:PFGC)

State of New Jersey Common Pension Fund D trimmed its position in Performance Food Group (NYSE:PFGC) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,816 shares of the food distribution company’s stock after selling 2,125 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Performance Food Group worth $6,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Performance Food Group by 179.2% during the 4th 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 during the period. Nisa Investment Advisors LLC lifted its position in Performance Food Group by 707.2% in the fourth 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 during the last quarter. Vanguard Group Inc. increased its stake in Performance Food Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock worth $937,613,000 after purchasing an additional 107,449 shares during the period. CX Institutional increased its stake in Performance Food Group by 31.4% in the fourth quarter. CX Institutional now owns 75,294 shares of the food distribution company’s stock worth $5,207,000 after purchasing an additional 18,005 shares during the period. Finally, Natixis Advisors L.P. increased its stake in shares of Performance Food Group by 4.2% during the third quarter. Natixis Advisors L.P. now owns 693,538 shares of the food distribution company’s stock valued at $40,822,000 after buying an additional 27,870 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Performance Food Group Stock Down 0.1 %

Shares of PFGC traded down $0.07 during mid-day trading on Friday, reaching $68.84. The company’s stock had a trading volume of 982,745 shares, compared to its average volume of 903,307. 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 has a 1 year low of $52.92 and a 1 year high of $78.54. The business has a fifty day moving average of $73.76 and a 200 day moving average of $68.30. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.

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

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.