Swiss National Bank Acquires 2,800 Shares of Performance Food Group (NYSE:PFGC)

Swiss National Bank lifted its holdings in Performance Food Group (NYSE:PFGC) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,560 shares of the food distribution company’s stock after acquiring an additional 2,800 shares during the period. Swiss National Bank owned 0.20% of Performance Food Group worth $25,920,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group in the 4th quarter valued at about $42,000. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after acquiring an additional 212 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after purchasing an additional 239 shares during the last quarter. UMB Bank n.a. lifted its stake in Performance Food Group by 69.1% in the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 313 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in Performance Food Group by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Melius assumed coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price objective for the company. Barclays decreased 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 Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $77.02 on Tuesday. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.96 and a beta of 1.40. The company’s 50 day moving average is $84.87 and its 200 day moving average is $83.12. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate 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.