Pictet Asset Management Holding SA Purchases 2,237 Shares of Performance Food Group (NYSE:PFGC)

Pictet Asset Management Holding SA increased its position in Performance Food Group (NYSE:PFGC) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,336 shares of the food distribution company’s stock after buying an additional 2,237 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Performance Food Group were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PFGC. Coldstream Capital Management Inc. increased its position in shares of Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after acquiring an additional 142 shares during the period. Highland Capital Management LLC increased its holdings in Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock valued at $246,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. increased its holdings in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the period. M&T Bank Corp lifted its holdings in Performance Food Group by 1.1% in the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company’s stock worth $1,597,000 after buying an additional 213 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company’s stock worth $66,000 after buying an additional 226 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on PFGC shares. Melius Research raised Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Melius assumed 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. Barclays decreased their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Stock Performance

Shares of PFGC opened at $73.39 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock has a market cap of $11.46 billion, a P/E ratio of 29.59, a P/E/G ratio of 0.96 and a beta of 1.40. The business’s 50 day moving average price is $82.19 and its 200-day moving average price is $83.41. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44.

Performance Food Group (NYSE:PFGC) last released its 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%. 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.