National Bank of Canada FI Buys 127,027 Shares of Performance Food Group (NYSE:PFGC)

National Bank of Canada FI boosted its position in shares of Performance Food Group (NYSE:PFGC) by 3,451.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,707 shares of the food distribution company’s stock after acquiring an additional 127,027 shares during the period. National Bank of Canada FI owned 0.08% of Performance Food Group worth $11,051,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PFGC. Millstone Evans Group LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in Performance Food Group during the fourth quarter valued at about $42,000. Blue Trust Inc. lifted its position in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after acquiring an additional 239 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PFGC. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Morgan Stanley upped their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Barclays decreased their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Trading Down 3.5 %

Shares of NYSE PFGC opened at $73.39 on Friday. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The business’s 50 day moving average is $82.19 and its two-hundred day moving average is $83.41. The stock has a market capitalization of $11.46 billion, a P/E ratio of 29.59, a PEG ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, research analysts expect that Performance Food Group will post 4.58 EPS for the current 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.