Central Pacific Bank Trust Division Purchases New Stake in Performance Food Group (NYSE:PFGC)

Central Pacific Bank Trust Division purchased a new position in Performance Food Group (NYSE:PFGC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 494 shares of the food distribution company’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently modified their holdings of PFGC. GAMMA Investing LLC grew its stake in shares of Performance Food Group by 46.1% in the fourth quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company’s stock worth $143,000 after purchasing an additional 533 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Performance Food Group by 11.8% in 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 during the period. Franklin Resources Inc. grew its position in shares of Performance Food Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company’s stock worth $18,305,000 after buying an additional 2,417 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Performance Food Group during the third quarter valued at approximately $154,000. Finally, World Investment Advisors LLC bought a new position in shares of Performance Food Group during the third quarter valued at approximately $2,185,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Trading Up 0.4 %

Performance Food Group stock opened at $84.40 on Monday. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The business’s fifty day simple moving average is $85.80 and its two-hundred day simple moving average is $76.88. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. As a group, equities analysts predict that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on PFGC. Wells Fargo & Company boosted their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Melius began coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target on the stock. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Truist Financial upped their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Guggenheim raised their target price on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $94.33.

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.