Performance Food Group (NYSE:PFGC) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,679 shares of the food distribution company's stock after purchasing an additional 6,213 shares during the period. Zions Bancorporation N.A.'s holdings in Performance Food Group were worth $3,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its holdings in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares in the last quarter. State Street Corp lifted its stake in Performance Food Group by 2.2% in the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock valued at $360,197,000 after buying an additional 97,069 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after buying an additional 2,371,818 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after buying an additional 401,235 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock valued at $234,174,000 after acquiring an additional 724,094 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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Performance Food Group Trading Down 0.8 %

Performance Food Group stock traded down $0.64 during mid-day trading on Friday, hitting $77.36. The company's stock had a trading volume of 629,481 shares, compared to its average volume of 1,110,331. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $12.08 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The stock's fifty day moving average is $83.29 and its two-hundred day moving average is $83.32.

Performance Food Group (NYSE:PFGC - Get Free Report) 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 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, analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on PFGC shares. Barclays reduced their price objective 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. Morgan Stanley raised 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 note on Tuesday, January 21st. Melius Research raised shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Melius initiated coverage on Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

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.