Performance Food Group (NYSE:PFGC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,192 shares of the food distribution company's stock after acquiring 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 quarter.

Several other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC increased its position in Performance Food Group by 203.0% during the third 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 during the last quarter. Central Pacific Bank Trust Division acquired a new position in Performance Food Group during the 4th quarter worth approximately $42,000. Blue Trust Inc. grew its position in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on PFGC. Melius initiated coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a "hold" rating and a $95.00 price target on the stock. Melius Research raised Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Barclays cut their price target on 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 Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley upped their target price 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. Five 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.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average price target of $95.73.

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 that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded up $1.00 during trading on Wednesday, reaching $77.57. The stock had a trading volume of 1,312,998 shares, compared to its average volume of 1,220,233. 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 stock has a market cap of $12.12 billion, a PE ratio of 31.28, a P/E/G ratio of 0.96 and a beta of 1.40. 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 $84.70 and its two-hundred day moving average price is $83.14.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.