Illinois Municipal Retirement Fund Raises Stock Holdings in Performance Food Group (NYSE:PFGC)

Illinois Municipal Retirement Fund lifted its holdings in Performance Food Group (NYSE:PFGC) by 16.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,540 shares of the food distribution company’s stock after purchasing an additional 7,491 shares during the period. Illinois Municipal Retirement Fund’s holdings in Performance Food Group were worth $3,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in Performance Food Group by 6.7% in the fourth quarter. New York State Common Retirement Fund now owns 957,716 shares of the food distribution company’s stock worth $66,226,000 after purchasing an additional 59,978 shares in the last quarter. Jennison Associates LLC grew its stake in Performance Food Group by 6.1% in the fourth quarter. Jennison Associates LLC now owns 2,293,472 shares of the food distribution company’s stock worth $158,594,000 after purchasing an additional 131,031 shares in the last quarter. Cetera Trust Company N.A bought a new position in Performance Food Group in the fourth quarter worth approximately $264,000. Signaturefd LLC grew its stake in Performance Food Group by 38.8% in the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after purchasing an additional 143 shares in the last quarter. Finally, Verdence Capital Advisors LLC bought a new position in Performance Food Group in the fourth quarter worth approximately $217,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Performance Food Group Stock Performance

Shares of PFGC opened at $69.39 on Thursday. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The stock has a fifty day moving average price of $73.84 and a 200-day moving average price of $68.30. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. The firm has a market cap of $10.80 billion, a PE ratio of 25.32, a P/E/G ratio of 0.98 and a beta of 1.38.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The business had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts predict 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.