California State Teachers Retirement System Has $3.86 Million Holdings in Performance Food Group Company (PFGC)

California State Teachers Retirement System boosted its position in shares of Performance Food Group Company (NYSE:PFGC) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,708 shares of the restaurant operator’s stock after buying an additional 10,712 shares during the period. California State Teachers Retirement System’s holdings in Performance Food Group were worth $3,862,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Performance Food Group during the second quarter worth about $118,000. Pacad Investment Ltd. lifted its holdings in shares of Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 4,400 shares during the last quarter. Strs Ohio lifted its holdings in shares of Performance Food Group by 4,700.0% in the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 4,700 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Performance Food Group in the second quarter worth about $141,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Performance Food Group by 25.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 1,177 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

PFGC has been the subject of a number of research reports. TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a report on Monday, October 2nd. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, October 5th. Loop Capital set a $35.00 target price on shares of Performance Food Group and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Morgan Stanley increased their target price on shares of Performance Food Group from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Performance Food Group presently has a consensus rating of “Buy” and an average target price of $31.25.

In related news, Director William F. Dawson, Jr. sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $28.03, for a total value of $140,150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $29.68, for a total transaction of $186,180,087.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,277,364 shares of company stock valued at $326,453,842. 3.70% of the stock is owned by company insiders.

Performance Food Group Company (NYSE:PFGC) opened at $33.80 on Monday. The company has a market cap of $3,540.00 and a PE ratio of 32.82. The company has a quick ratio of 0.80, a current ratio of 1.55 and a debt-to-equity ratio of 1.42. Performance Food Group Company has a fifty-two week low of $21.70 and a fifty-two week high of $33.80.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.37 billion. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. equities research analysts forecast that Performance Food Group Company will post 1.45 EPS for the current fiscal year.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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