Performance Food Group (NYSE:PFGC) Position Increased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Performance Food Group (NYSE:PFGC) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,981 shares of the food distribution company’s stock after purchasing an additional 1,089 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Performance Food Group were worth $5,876,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its stake in Performance Food Group by 1.8% in the 3rd quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company’s stock worth $616,000 after purchasing an additional 186 shares during the period. Fifth Third Bancorp boosted its stake in Performance Food Group by 23.0% in the 4th quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock worth $70,000 after purchasing an additional 189 shares during the period. Utah Retirement Systems boosted its stake in Performance Food Group by 2.5% in the 4th quarter. Utah Retirement Systems now owns 8,200 shares of the food distribution company’s stock worth $479,000 after purchasing an additional 200 shares during the period. DAVENPORT & Co LLC boosted its stake in Performance Food Group by 3.0% in the 4th quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company’s stock worth $569,000 after purchasing an additional 240 shares during the period. Finally, Toroso Investments LLC boosted its stake in Performance Food Group by 5.1% in the 3rd quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company’s stock worth $227,000 after purchasing an additional 254 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Performance Food Group Stock Down 0.2 %

PFGC stock traded down $0.16 during midday trading on Friday, reaching $67.88. The company had a trading volume of 447,607 shares, compared to its average volume of 897,374. The company has a market capitalization of $10.56 billion, a P/E ratio of 24.80, a PEG ratio of 0.97 and a beta of 1.38. The company has a 50 day moving average of $74.10 and a two-hundred day moving average of $67.87. The company has a current ratio of 1.71, a quick ratio of 0.75 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.

Performance Food Group (NYSE:PFGC) last released its quarterly 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 business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. On average, equities research analysts expect 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.