Swiss National Bank Sells 4,700 Shares of Performance Food Group Company (NYSE:PFGC)

Swiss National Bank decreased its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 301,860 shares of the food distribution company's stock after selling 4,700 shares during the quarter. Swiss National Bank owned 0.19% of Performance Food Group worth $23,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PFGC. CENTRAL TRUST Co raised its position in shares of Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after purchasing an additional 405 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after buying an additional 314 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Performance Food Group by 353.5% during the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after buying an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Performance Food Group by 34,133.3% during the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock worth $81,000 after buying an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Stock Performance

PFGC traded down $2.75 during trading on Friday, hitting $98.00. The stock had a trading volume of 2,226,383 shares, compared to its average volume of 1,826,174. The company has a 50 day moving average price of $93.38 and a 200-day moving average price of $85.91. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 1.37 and a beta of 1.20. Performance Food Group Company has a one year low of $68.39 and a one year high of $103.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. As a group, research analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group reiterated a "buy" rating and set a $120.00 price objective (up from $110.00) on shares of Performance Food Group in a report on Thursday. Wells Fargo & Company set a $115.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Barclays boosted their price target on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup started coverage on Performance Food Group in a research report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

Insider Activity

In other news, insider Craig Howard Hoskins sold 14,285 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the completion of the sale, the insider directly owned 138,008 shares in the company, valued at approximately $11,551,269.60. This represents a 9.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 8,200 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the transaction, the insider directly owned 46,722 shares of the company's stock, valued at $4,191,897.84. This trade represents a 14.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,059 shares of company stock worth $5,861,405. 2.80% of the stock is owned by insiders.

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.