New York State Teachers Retirement System Buys 14,695 Shares of Performance Food Group (NYSE:PFGC)

New York State Teachers Retirement System lifted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,983 shares of the food distribution company's stock after purchasing an additional 14,695 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Performance Food Group worth $12,560,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PFGC. Rise Advisors LLC acquired a new position in shares of Performance Food Group in the first quarter valued at about $29,000. GAMMA Investing LLC acquired a new position in Performance Food Group in the 4th quarter worth approximately $29,000. Signaturefd LLC raised its position in Performance Food Group by 38.8% during the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company's stock worth $35,000 after buying an additional 143 shares during the last quarter. Mather Group LLC. acquired a new stake in Performance Food Group during the 1st quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Performance Food Group in the 4th quarter valued at $48,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares of the company's stock, valued at $39,085,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kimberly Grant sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at $749,644.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company's stock, valued at $39,085,312.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Performance Food Group Price Performance

Shares of PFGC traded up $1.15 during mid-day trading on Friday, hitting $74.71. 866,271 shares of the company were exchanged, compared to its average volume of 1,067,436. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $78.54. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. The company has a 50 day moving average of $67.09 and a 200-day moving average of $70.37.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.08. The company had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Analysts expect that Performance Food Group will post 4.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Performance Food Group from $80.00 to $76.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Jefferies Financial Group raised their target price on Performance Food Group from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Wells Fargo & Company lifted their price target on Performance Food Group from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. BMO Capital Markets upped their price objective on Performance Food Group from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, August 15th. Finally, Barclays boosted their target price on shares of Performance Food Group from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.38.

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.