Cetera Investment Advisers buys 33,015 shares of Performance Food Group (NYSE:PFGC)

Cetera Investment Advisers increased its stake in Performance Food Group (NYSE:PFGC – Free Report) by 257.2% during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The institutional investor owned 45,851 shares of the food distribution company after purchasing an additional 33,015 shares during the same period. Cetera Investment Advisers’ holdings in Performance Food Group were worth $3,422,000 at the end of the most recent reporting period.

Several other major investors have also bought and sold shares of PFGC. GAMMA Investing LLC acquired a new stake in Performance Food Group during the fourth quarter valued at about $29,000. Rise Advisors LLC acquired a new stake in shares of Performance Food Group during the 1st quarter valued at about $29,000. Signaturefd LLC increased its stake in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after purchasing an additional 143 shares during the last quarter. Mather Group LLC. acquired a new stake in Performance Food Group during the first quarter valued at $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Performance Food Group during the fourth quarter valued at $48,000. 96.87% of the shares are owned by institutional investors.

Changes in analyst ratings

PFGC has been the subject of a number of analyst reports. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11. Barclays decreased their price target on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9. Finally, Morgan Stanley decreased their price target on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the company in a research note on Tuesday, July 16. One equities analyst has rated the stock with a “hold” rating and seven have given the company a “buy” rating. According to MarketBeat.com, the company has an average rating of “moderate buy” and a consensus price target of $80.57.

Check out our latest stock report on PFGC

Performance of the Food Group share

NYSE:PFGC shares rose $0.27 on Friday, reaching $65.33. The trading volume of the company’s shares was 638,361 shares, compared to its average volume of 1,056,667. The company has a 50-day moving average of $66.53 and a 200-day moving average of $70.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.77. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.85 and a beta of 1.42. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54.

Performance Food Group (NYSE:PFGC – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The food distribution company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $13.86 billion for the quarter, compared to analyst expectations of $14.10 billion. Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The company’s revenue grew 0.6% compared to the year-ago quarter. In the same quarter last year, the company posted earnings per share of $0.83. On average, sell-side analysts expect Performance Food Group to post 4.2 earnings per share for the current year.

Company profile of the Performance Food Group

(Free report)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three segments: Foodservice, Vistar and Convenience. The company offers a line of frozen foods, groceries, candy, snack foods, beverages, cigarettes and other tobacco products, beef, pork, poultry and seafood, and health and beauty care products.