302 Shares in Performance Food Group (NYSE:PFGC) Acquired by Millstone Evans Group LLC

Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group (NYSE:PFGC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 302 shares of the food distribution company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Performance Food Group during the third quarter worth approximately $2,772,000. State Street Corp grew its position in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Performance Food Group by 134.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after purchasing an additional 371,078 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Performance Food Group by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock worth $141,003,000 after purchasing an additional 125,532 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley raised their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Barclays dropped their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Melius initiated coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Finally, Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $78.47 on Tuesday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company’s 50 day simple moving average is $84.06 and its 200 day simple moving average is $83.24.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, research analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group 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.