Performance Food Group (NYSE:PFGC) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,096 shares of the food distribution company’s stock after selling 184 shares during the quarter. First Hawaiian Bank’s holdings in Performance Food Group were worth $403,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PFGC. Raymond James Financial Services Advisors Inc. lifted its stake in Performance Food Group by 64.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,679 shares of the food distribution company’s stock valued at $393,000 after acquiring an additional 2,230 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Performance Food Group by 23.0% in the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock worth $70,000 after purchasing an additional 189 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Performance Food Group by 3.0% during the 4th quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company’s stock worth $569,000 after purchasing an additional 240 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Performance Food Group by 6,612.2% in the fourth quarter. International Assets Investment Management LLC now owns 116,725 shares of the food distribution company’s stock valued at $8,072,000 after acquiring an additional 114,986 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Performance Food Group by 707.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock worth $886,000 after acquiring an additional 11,223 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PFGC. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley reduced their price objective on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Finally, Barclays lowered their price objective on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned 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 $80.57.

Performance Food Group Trading Up 2.0 %

Shares of Performance Food Group stock traded up $1.26 on Tuesday, hitting $64.77. 694,747 shares of the company’s stock traded hands, compared to its average volume of 1,057,393. The firm’s 50-day moving average price is $66.83 and its two-hundred day moving average price is $70.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.77. The stock has a market capitalization of $10.08 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 0.85 and a beta of 1.42. Performance Food Group has a one year low of $52.92 and a one year high of $78.54.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The firm had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.10 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. On average, research analysts expect that Performance Food Group will post 4.2 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.