Hilltop National Bank Sells 121 Shares of Performance Food Group (NYSE:PFGC)

Hilltop National Bank lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,420 shares of the food distribution company’s stock after selling 121 shares during the quarter. 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 have also recently modified their holdings of PFGC. First Hawaiian Bank lifted its position in Performance Food Group by 4.6% in the 4th quarter. First Hawaiian Bank now owns 9,819 shares of the food distribution company’s stock worth $830,000 after buying an additional 429 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Performance Food Group in the 4th quarter worth approximately $42,000. GAMMA Investing LLC lifted its position in Performance Food Group by 46.1% in the 4th quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company’s stock worth $143,000 after buying an additional 533 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 buying an additional 401,235 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Performance Food Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company’s stock worth $18,305,000 after buying an additional 2,417 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

PFGC opened at $84.60 on Friday. The stock has a market capitalization of $13.18 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The stock’s 50 day moving average price is $86.15 and its 200-day moving average price is $77.41. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. 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 issued its quarterly earnings results 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). The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 earnings per share. On average, equities research analysts predict that Performance Food Group will post 4.73 EPS for the current year.

Insider Buying and Selling

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PFGC. UBS Group boosted their price objective 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. Melius Research upgraded Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $92.00 price objective on shares of Performance Food Group in a research report on Monday, October 28th. 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 research report on Friday, November 8th. Finally, Guggenheim boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.33.

About Performance Food Group

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.