Zurcher Kantonalbank Zurich Cantonalbank Has $2.29 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Performance Food Group (NYSE:PFGC) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,051 shares of the food distribution company’s stock after acquiring an additional 2,601 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Performance Food Group were worth $2,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Performance Food Group by 179.2% during the fourth quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company’s stock valued at $3,581,000 after purchasing an additional 33,250 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Performance Food Group by 707.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock valued at $886,000 after buying an additional 11,223 shares in the last quarter. Vanguard Group Inc. grew its position in Performance Food Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock valued at $937,613,000 after acquiring an additional 107,449 shares during the period. CX Institutional raised its stake in Performance Food Group by 31.4% during the fourth quarter. CX Institutional now owns 75,294 shares of the food distribution company’s stock worth $5,207,000 after acquiring an additional 18,005 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of Performance Food Group by 4.2% during the third quarter. Natixis Advisors L.P. now owns 693,538 shares of the food distribution company’s stock valued at $40,822,000 after acquiring an additional 27,870 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 0.4 %

NYSE PFGC opened at $69.28 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The stock has a market capitalization of $10.78 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The stock has a fifty day moving average of $73.90 and a 200-day moving average of $68.29.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. Performance Food Group’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Performance Food Group will post 4.26 EPS for the current year.

Analyst Ratings Changes

PFGC has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. BMO Capital Markets lifted their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Stephens lifted their price objective on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Barclays increased their target price on Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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 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.