Hilltop National Bank Has $120,000 Stake in Performance Food Group (NYSE:PFGC)

Hilltop National Bank reduced its position in Performance Food Group (NYSE:PFGC) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,420 shares of the food distribution company’s stock after selling 121 shares during the period. Hilltop National Bank’s holdings in Performance Food Group were worth $120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PFGC. FMR LLC lifted its holdings in shares of Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after purchasing an additional 2,773,547 shares in the last quarter. Primecap Management Co. CA lifted its stake in Performance Food Group by 223.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after acquiring an additional 1,122,676 shares in the last quarter. Holocene Advisors LP lifted its stake in 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 acquiring an additional 724,094 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after acquiring an additional 469,500 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Performance Food Group by 11.8% during 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 acquiring an additional 401,235 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on PFGC. Truist Financial raised their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler raised their price objective on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Jefferies Financial Group raised their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. UBS Group raised their price objective on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $94.33.

Performance Food Group Trading Down 1.4 %

Shares of PFGC opened at $84.60 on Friday. The business has a 50-day moving average of $86.15 and a 200 day moving average of $77.41. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The firm has a market cap of $13.18 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70.

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

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares in the company, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

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.