National Bank of Canada FI Acquires 127,027 Shares of Performance Food Group (NYSE:PFGC)

National Bank of Canada FI increased its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 3,451.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,707 shares of the food distribution company's stock after purchasing an additional 127,027 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Performance Food Group worth $11,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. HighPoint Advisor Group LLC increased its position in Performance Food Group by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after buying an additional 121 shares during the last quarter. Franklin Resources Inc. grew its holdings in Performance Food Group by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 226,531 shares of the food distribution company's stock valued at $19,153,000 after buying an additional 2,064 shares in the last quarter. Wellington Management Group LLP increased its holdings in Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock worth $330,560,000 after acquiring an additional 147,080 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Performance Food Group by 6.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,222 shares of the food distribution company's stock worth $949,000 after buying an additional 687 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Performance Food Group by 10.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 23,336 shares of the food distribution company's stock worth $1,973,000 after acquiring an additional 2,237 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PFGC. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Morgan Stanley boosted their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Barclays cut their target price on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Melius initiated coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target for the company. Five investment 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $95.73.

Performance Food Group Price Performance

Shares of PFGC stock traded down $3.37 during mid-day trading on Thursday, hitting $74.70. The company had a trading volume of 174,735 shares, compared to its average volume of 1,241,949. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The stock's 50 day moving average price is $80.57 and its 200-day moving average price is $83.33. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a market capitalization of $11.67 billion, a P/E ratio of 30.18, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its 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 net margin of 0.64% and a return on equity of 16.58%. Equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

About Performance Food Group

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.