Performance Food Group (NYSE:PFGC) Shares Bought by First Hawaiian Bank

First Hawaiian Bank boosted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,642 shares of the food distribution company's stock after acquiring an additional 2,823 shares during the period. First Hawaiian Bank's holdings in Performance Food Group were worth $994,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group during the 4th quarter worth $26,000. Blue Trust Inc. increased its stake in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC raised its position in Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after buying an additional 239 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after acquiring an additional 226 shares during the period. Finally, Mainstream Capital Management LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at about $105,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Trading Down 0.7%

Shares of NYSE PFGC traded down $0.61 during midday trading on Wednesday, hitting $88.26. The stock had a trading volume of 226,150 shares, compared to its average volume of 1,114,607. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average price of $81.31 and a 200 day moving average price of $83.63.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period last year, the firm earned $0.80 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider A Brent King sold 11,104 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $88.69, for a total value of $984,813.76. Following the sale, the insider now owns 65,952 shares in the company, valued at approximately $5,849,282.88. This represents a 14.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the sale, the insider now directly owns 152,293 shares of the company's stock, valued at approximately $13,333,252.15. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,972 shares of company stock worth $5,964,073 in the last three months. 2.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Truist Financial reduced their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup began coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective on the stock. Morgan Stanley increased their price objective on Performance Food Group from $92.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, UBS Group boosted their target price on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and a consensus price target of $100.08.

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.