J.Safra Asset Management Corp Acquires 226 Shares of Performance Food Group (NYSE:PFGC)

J.Safra Asset Management Corp grew its position in Performance Food Group (NYSE:PFGC) by 40.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 780 shares of the food distribution company’s stock after acquiring an additional 226 shares during the quarter. J.Safra Asset Management Corp’s holdings in Performance Food Group were worth $66,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 401,235 shares during the last quarter. Aigen Investment Management LP increased its stake in Performance Food Group by 56.1% in the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock worth $1,330,000 after acquiring an additional 6,099 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $2,772,000. State Street Corp increased its position in shares of 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 valued at $360,197,000 after purchasing an additional 97,069 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Performance Food Group by 134.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PFGC has been the topic of several analyst reports. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $92.00 to $90.00 in a research report on Friday, February 7th. UBS Group boosted their target price on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Guggenheim boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial boosted their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Trading Down 0.2 %

PFGC opened at $81.42 on Thursday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 0.96 and a beta of 1.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a fifty day moving average price of $86.12 and a 200-day moving average price of $82.92.

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