Metropolitan Life Insurance Co. NY increased its stake in shares of Performance Food Group Co (NYSE:PFGC) by 353.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,568 shares of the food distribution company’s stock after purchasing an additional 25,391 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Performance Food Group were worth $1,051,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in Performance Food Group in the fourth quarter valued at $29,000. Advisor Group Inc. boosted its holdings in shares of Performance Food Group by 19.8% during the fourth quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock worth $59,000 after purchasing an additional 303 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Performance Food Group during the fourth quarter worth $78,000. PNC Financial Services Group Inc. boosted its holdings in shares of Performance Food Group by 55.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,956 shares of the food distribution company’s stock worth $128,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Performance Food Group during the third quarter worth $155,000. Institutional investors own 96.85% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Bank of America assumed coverage on Performance Food Group in a report on Wednesday. They set a “buy” rating and a $45.00 price objective on the stock. Zacks Investment Research cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Pivotal Research restated a “hold” rating and set a $37.00 price objective on shares of Performance Food Group in a report on Thursday, February 7th. ValuEngine upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Performance Food Group in a research report on Friday, January 11th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Performance Food Group has a consensus rating of “Buy” and an average target price of $39.92.
Shares of PFGC traded up $0.01 during trading hours on Friday, hitting $40.95. The stock had a trading volume of 511,846 shares, compared to its average volume of 483,060. The company has a current ratio of 1.57, a quick ratio of 0.79 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $4.31 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.70. Performance Food Group Co has a 12-month low of $28.05 and a 12-month high of $41.85.
Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 6th. The food distribution company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Performance Food Group had a return on equity of 15.39% and a net margin of 0.94%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Performance Food Group Co will post 1.81 earnings per share for the current year.
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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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
See Also: Balance Sheet
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