Adi Capital Management adds Performance Food Group Co (PFGC) to its portfolio

Performance Food Group Co (PFGC) : Adi Capital Management added new position in Performance Food Group Co during the most recent quarter end. The investment management firm now holds 81,107 shares of Performance Food Group Co which is valued at $2,150,958 , the company said in a statement filed on Aug 15, 2016 with the SEC.Performance Food Group Co makes up approximately 1.61% of Adi Capital Management’s portfolio.

Other Hedge Funds, Including , Omega Advisors added PFGC to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $2,652,000. Performance Food Group Co makes up approx 0.07% of Omega Advisors’s portfolio. Timessquare Capital Management added PFGC to its portfolio by purchasing 1,115,400 company shares during the most recent quarter which is valued at $29,580,408. Performance Food Group Co makes up approx 0.19% of Timessquare Capital Management’s portfolio. Engineers Gate Manager Lp added PFGC to its portfolio by purchasing 49,438 company shares during the most recent quarter which is valued at $1,311,096. Performance Food Group Co makes up approx 0.09% of Engineers Gate Manager Lp’s portfolio. Convergence Investment Partners sold out all of its stake in PFGC during the most recent quarter. The investment firm sold 14,874 shares of PFGC which is valued $394,458.New York State Common Retirement Fund boosted its stake in PFGC in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 16,000 shares of Performance Food Group Co which is valued at $424,320.

On the company’s financial health, Performance Food Group Co reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $0.39. The company had revenue of $4372.90 million for the quarter, compared to analysts expectations of $4457.70 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Performance Food Group Co. Shares were Reiterated by Pivotal Research Group on Aug 18, 2016 to “Hold” and Lowered the Price Target to $ 25 from a previous price target of $27 .

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150000 food and food-related products from 67 distribution centers to around 150000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice PFG Customized and Vistar. The Performance Foodservice segment is a foodservice distributor in the United States which serves around 85000 customer locations with around 125000 food and food-related products. The PFG Customized segment acts as a distributor to the family and casual dining channel. The Vistar segment is engaged in distributing candy snacks and beverages to vending and office coffee service distributors big box retailers and theaters.

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