Daiwa Securities Group Inc. Boosts Stock Position in Performance Food Group (NYSE:PFGC)

Daiwa Securities Group Inc. lifted its position in Performance Food Group (NYSE:PFGC) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 83,178 shares of the food distribution company’s stock after purchasing an additional 566 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Performance Food Group were worth $7,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFGC. US Bancorp DE boosted its holdings in shares of Performance Food Group by 9.2% in the 3rd quarter. US Bancorp DE now owns 3,758 shares of the food distribution company’s stock worth $295,000 after purchasing an additional 316 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Performance Food Group by 260.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the food distribution company’s stock worth $70,000 after purchasing an additional 644 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Performance Food Group by 6.7% in the 3rd quarter. Assetmark Inc. now owns 64,121 shares of the food distribution company’s stock worth $5,025,000 after purchasing an additional 4,037 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Performance Food Group in the 3rd quarter worth about $26,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PFGC has been the topic of several analyst reports. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley raised their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Melius began coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target for the company. Finally, Barclays cut 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Activity

In other Performance Food Group 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 transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $75.84 on Wednesday. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm’s 50 day moving average price is $85.48 and its 200-day moving average price is $83.07. 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 market cap of $11.85 billion, a P/E ratio of 30.58, a P/E/G ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data 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%. As a group, equities research analysts predict that Performance Food Group will post 4.58 EPS for the current 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.