Zurcher Kantonalbank Zurich Cantonalbank Acquires 442 Shares of Performance Food Group (NYSE:PFGC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Performance Food Group (NYSE:PFGC) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,107 shares of the food distribution company’s stock after purchasing an additional 442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Performance Food Group were worth $2,673,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in shares of Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after purchasing an additional 139 shares during the period. Creative Planning boosted its position in shares of Performance Food Group by 1.2% during the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after acquiring an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after acquiring an additional 160 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after acquiring an additional 186 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Transactions at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the transaction, the insider now owns 192,868 shares of the company’s stock, valued at $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

PFGC has been the topic of several analyst reports. Barclays increased their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Guggenheim increased their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Piper Sandler raised their target price on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Truist Financial raised their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.27.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $88.59 on Wednesday. The firm has a market cap of $13.80 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The firm’s fifty day moving average is $82.97 and its 200-day moving average is $74.16. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $89.73.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Sell-side analysts predict that Performance Food Group will post 4.73 earnings per share for the current 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.