Texas Permanent School Fund Corp Buys 1,750 Shares of Performance Food Group (NYSE:PFGC)

Texas Permanent School Fund Corp boosted its stake in shares of Performance Food Group (NYSE:PFGC) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,167 shares of the food distribution company’s stock after acquiring an additional 1,750 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Performance Food Group worth $10,164,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased 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 worth $3,581,000 after acquiring an additional 33,250 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Performance Food Group by 707.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock valued at $886,000 after buying an additional 11,223 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 107,449 shares during the period. BNP Paribas purchased a new stake in shares of Performance Food Group in the first quarter worth approximately $1,251,000. Finally, CX Institutional raised its holdings in shares of 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 buying an additional 18,005 shares during the period. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Down 0.0 %

NYSE PFGC traded down $0.02 during midday trading on Friday, hitting $64.14. 20,743 shares of the company traded hands, compared to its average volume of 1,033,056. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.77. The company has a market cap of $9.98 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.77 and a beta of 1.42. The company’s 50-day simple moving average is $68.48 and its 200-day simple moving average is $71.02. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PFGC. Morgan Stanley increased their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, Barclays dropped their price objective on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.14.

About Performance Food Group

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.