DAVENPORT & Co LLC Buys 240 Shares of Performance Food Group (NYSE:PFGC)

DAVENPORT & Co LLC raised its stake in Performance Food Group (NYSE:PFGC) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,230 shares of the food distribution company’s stock after buying an additional 240 shares during the period. DAVENPORT & Co LLC’s holdings in Performance Food Group were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PFGC. American Century Companies Inc. increased its holdings in shares of Performance Food Group by 11.8% in the 1st quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock worth $1,479,000 after buying an additional 3,064 shares during the last quarter. US Bancorp DE grew its holdings in shares of Performance Food Group by 8.1% during the 1st quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock valued at $234,000 after purchasing an additional 343 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Performance Food Group during the 1st quarter valued at $71,000. PNC Financial Services Group Inc. lifted its position in shares of Performance Food Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock worth $737,000 after purchasing an additional 3,588 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Performance Food Group by 8.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock worth $4,516,000 after purchasing an additional 6,905 shares during the period. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays lifted their price target on shares of 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 lifted their price target on shares of 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 equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.75.

Performance Food Group Stock Up 1.0 %

NYSE:PFGC opened at $70.98 on Tuesday. The firm has a market cap of $11.04 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.00 and a beta of 1.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. The firm has a 50-day simple moving average of $74.65 and a two-hundred day simple moving average of $67.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

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.