Strs Ohio Grows Stock Position in Performance Food Group Company $PFGC

Strs Ohio boosted its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 54.4% in the third quarter, HoldingsChannel.com reports. 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’s holdings in Performance Food Group were worth $15,580,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PFGC. Parkside Financial Bank & Trust raised its position in shares of Performance Food Group by 51.3% during the 2nd 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. Root Financial Partners LLC acquired a new stake in Performance Food Group during the 3rd quarter valued at $39,000. AlphaQuest LLC increased its position in Performance Food Group by 658.0% during the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after buying an additional 329 shares in the last quarter. Eastern Bank acquired a new position in shares of Performance Food Group in the third quarter worth $47,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Performance Food Group by 148.6% in the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after acquiring an additional 312 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.4%

Shares of PFGC opened at $93.80 on Monday. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The company’s fifty day moving average is $93.04 and its two-hundred day moving average is $97.96. The firm has a market cap of $14.71 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The company had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. During the same period last year, the business posted $1.16 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of several analyst reports. Morgan Stanley set a $123.00 price target on shares of Performance Food Group in a research note on Tuesday, January 20th. UBS Group restated a “buy” rating and set a $120.00 target price on shares of Performance Food Group in a research report on Friday, December 19th. Barclays lowered their target price on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Wall Street Zen lowered Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Sanford C. Bernstein began coverage on Performance Food Group in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.22.

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.