Zurcher Kantonalbank Zurich Cantonalbank Has $3.40 Million Stock Position in Performance Food Group (NYSE:PFGC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Performance Food Group (NYSE:PFGC) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,192 shares of the food distribution company’s stock after purchasing an additional 6,085 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Performance Food Group were worth $3,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Performance Food Group during the third quarter valued at approximately $2,772,000. State Street Corp lifted its stake in Performance Food Group by 2.2% during the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after purchasing an additional 371,078 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Performance Food Group in the 3rd quarter valued at $3,032,000. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction 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 owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Performance Food Group Trading Up 2.4 %

PFGC opened at $76.66 on Friday. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a fifty day moving average of $85.00 and a 200-day moving average of $83.05. The stock has a market cap of $11.98 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. 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 (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays reduced their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.73.

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.