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

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

Several other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in Performance Food Group by 8.9% during the 4th quarter. Larson Financial Group LLC now owns 41,446 shares of the food distribution company’s stock worth $3,504,000 after purchasing an additional 3,383 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Performance Food Group during the fourth quarter worth about $16,830,000. Arizona State Retirement System raised its position in Performance Food Group by 0.9% in the 4th quarter. Arizona State Retirement System now owns 45,229 shares of the food distribution company’s stock valued at $3,824,000 after buying an additional 422 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Performance Food Group in the 4th quarter valued at approximately $2,087,000. Finally, M&T Bank Corp boosted its position in Performance Food Group by 1.1% during the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock worth $1,597,000 after acquiring an additional 213 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Performance

NYSE PFGC opened at $76.66 on Friday. The stock has a market cap of $11.98 billion, a PE ratio of 30.91, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The firm has a 50-day moving average of $85.00 and a 200-day moving average of $83.05. 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 return on equity of 16.58% and a net margin of 0.64%. On average, sell-side analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PFGC shares. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley boosted 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 research report on Tuesday, January 21st. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays decreased their price target on 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.