Nisa Investment Advisors LLC Purchases 13,631 Shares of Performance Food Group Company $PFGC

Nisa Investment Advisors LLC boosted its position in Performance Food Group Company (NYSE:PFGC) by 901.5% during the third quarter, Holdings Channel.com reports. The fund owned 15,143 shares of the food distribution company’s stock after acquiring an additional 13,631 shares during the period. Nisa Investment Advisors LLC’s holdings in Performance Food Group were worth $1,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Performance Food Group during the second quarter worth about $163,954,000. Primecap Management Co. CA raised its position in Performance Food Group by 22.1% during the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after purchasing an additional 465,807 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Performance Food Group during the 2nd quarter valued at approximately $24,726,000. Qube Research & Technologies Ltd lifted its holdings in Performance Food Group by 499.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock worth $28,764,000 after buying an additional 273,997 shares during the period. Finally, Holocene Advisors LP grew its position in shares of Performance Food Group by 8.6% in the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock worth $269,318,000 after buying an additional 244,793 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 2.2%

NYSE:PFGC opened at $94.18 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The firm’s 50-day moving average price is $93.13 and its 200-day moving average price is $97.54. The company has a market capitalization of $14.77 billion, a PE ratio of 45.28, a P/E/G ratio of 1.12 and a beta of 0.93. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The business had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Performance Food Group’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PFGC has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. UBS Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Performance Food Group in a research note on Friday, December 19th. Sanford C. Bernstein initiated coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price target for the company. Finally, Barclays lowered their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.22.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.