First Hawaiian Bank Has $469,000 Stock Holdings in Performance Food Group (NYSE:PFGC)

First Hawaiian Bank reduced its stake in shares of Performance Food Group (NYSE:PFGC) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,280 shares of the food distribution company’s stock after selling 1,102 shares during the quarter. First Hawaiian Bank’s holdings in Performance Food Group were worth $469,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. grew its stake in Performance Food Group by 414.1% during the fourth quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after buying an additional 1,770,683 shares in the last quarter. Norges Bank bought a new position in Performance Food Group in the fourth quarter valued at approximately $119,726,000. Earnest Partners LLC raised its position in Performance Food Group by 162.5% during the third quarter. Earnest Partners LLC now owns 768,432 shares of the food distribution company’s stock valued at $45,230,000 after purchasing an additional 475,683 shares in the last quarter. Palestra Capital Management LLC lifted its stake in Performance Food Group by 25.1% during the third quarter. Palestra Capital Management LLC now owns 2,259,010 shares of the food distribution company’s stock worth $132,965,000 after purchasing an additional 453,453 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock valued at $447,645,000 after purchasing an additional 397,114 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 0.4 %

NYSE:PFGC opened at $67.54 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.77. Performance Food Group has a one year low of $52.92 and a one year high of $78.54. The firm’s 50 day simple moving average is $69.47 and its 200 day simple moving average is $71.20. The company has a market cap of $10.51 billion, a PE ratio of 25.20, a P/E/G ratio of 0.98 and a beta of 1.41.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.10 billion. Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. Performance Food Group’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, research analysts anticipate that Performance Food Group will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Morgan Stanley lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, Barclays dropped their price objective on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $81.14.

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.