Swiss National Bank Sells 35,500 Shares of Performance Food Group (NYSE:PFGC)

Swiss National Bank trimmed its stake in shares of Performance Food Group (NYSE:PFGC) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 307,760 shares of the food distribution company’s stock after selling 35,500 shares during the quarter. Swiss National Bank’s holdings in Performance Food Group were worth $21,282,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Performance Food Group in the fourth quarter worth $29,000. GAMMA Investing LLC purchased a new position in shares of Performance Food Group in the fourth quarter valued at about $29,000. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 143 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Performance Food Group by 50.4% during the third quarter. Fifth Third Bancorp now owns 821 shares of the food distribution company’s stock worth $48,000 after purchasing an additional 275 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Performance Food Group in the fourth quarter worth about $48,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Performance Food Group Trading Down 0.2 %

Shares of NYSE PFGC opened at $69.18 on Thursday. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.71 and a quick ratio of 0.75. The firm has a 50-day moving average of $72.57 and a 200 day moving average of $69.25. The stock has a market cap of $10.76 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. Performance Food Group’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts expect that Performance Food Group will post 4.26 EPS for the current fiscal year.

Performance Food Group Company 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.