Swiss National Bank Sells 35,500 Shares of Performance Food Group (NYSE:PFGC)

Swiss National Bank lowered its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,760 shares of the food distribution company's stock after selling 35,500 shares during the period. Swiss National Bank owned 0.20% of Performance Food Group worth $21,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Performance Food Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company's stock worth $937,613,000 after buying an additional 107,449 shares during the last quarter. FMR LLC grew its stake in Performance Food Group by 0.8% in the 3rd quarter. FMR LLC now owns 12,441,763 shares of the food distribution company's stock valued at $732,322,000 after acquiring an additional 98,756 shares during the last quarter. Clearbridge Investments LLC raised its position in Performance Food Group by 16.1% during the third quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company's stock worth $373,684,000 after acquiring an additional 879,232 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Performance Food Group by 8.3% in the third quarter. Invesco Ltd. now owns 3,696,115 shares of the food distribution company's stock valued at $217,553,000 after purchasing an additional 283,786 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Performance Food Group by 6.1% in the fourth quarter. Jennison Associates LLC now owns 2,293,472 shares of the food distribution company's stock valued at $158,594,000 after purchasing an additional 131,031 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PFGC. Stephens increased their target price on Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a report on Thursday, February 8th. BMO Capital Markets boosted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Barclays decreased their target price on shares of Performance Food Group from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Morgan Stanley boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

Performance Food Group Trading Up 2.6 %

Shares of NYSE:PFGC traded up $1.81 during trading on Thursday, reaching $70.99. 1,453,843 shares of the stock were exchanged, compared to its average volume of 985,560. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The firm's 50-day moving average price is $72.46 and its 200 day moving average price is $69.26. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The business had revenue of $13.86 billion during the quarter, compared to analysts' expectations of $14.10 billion. During the same period in the prior year, the business posted $0.83 EPS. The business's revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Performance Food Group will post 4.26 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.