Zions Bancorporation N.A. Purchases 6,213 Shares of Performance Food Group (NYSE:PFGC)

Zions Bancorporation N.A. raised its position in Performance Food Group (NYSE:PFGC) by 21.1% during the fourth quarter, Holdings Channel reports. The firm owned 35,679 shares of the food distribution company’s stock after purchasing an additional 6,213 shares during the period. Zions Bancorporation N.A.’s holdings in Performance Food Group were worth $3,017,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after buying an additional 2,773,547 shares during the period. State Street Corp grew its holdings in Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after acquiring an additional 97,069 shares during the period. Victory Capital Management Inc. raised its position in shares of Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after acquiring an additional 2,371,818 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $298,794,000 after purchasing an additional 401,235 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of Performance Food Group by 32.0% during the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after purchasing an additional 724,094 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PFGC shares. Melius Research raised Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler cut shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Up 2.2 %

Shares of NYSE PFGC opened at $78.47 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market capitalization of $12.26 billion, a P/E ratio of 31.64, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a 50-day moving average price of $84.06 and a 200-day moving average price of $83.24.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, equities research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

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.