Commerce Bank Has $750,000 Position in Performance Food Group (NYSE:PFGC)

Commerce Bank lowered its stake in Performance Food Group (NYSE:PFGC) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,129 shares of the food distribution company’s stock after selling 966 shares during the period. Commerce Bank’s holdings in Performance Food Group were worth $750,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Investors Research Corp acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $29,000. Dark Forest Capital Management LP acquired a new stake in shares of Performance Food Group in the second quarter valued at approximately $55,000. Advisory Services Network LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at approximately $115,000. JustInvest LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at approximately $214,000. Finally, Resources Investment Advisors LLC. acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $223,000. 99.03% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Barclays lowered their target price on shares of Performance Food Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, December 15th. Zacks Investment Research lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group lifted their target price on shares of Performance Food Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, November 11th. Finally, BMO Capital Markets lowered their target price on shares of Performance Food Group from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, September 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $61.78.

Shares of NYSE PFGC opened at $48.07 on Friday. The company’s fifty day moving average is $44.99 and its 200-day moving average is $46.00. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 144.97, a P/E/G ratio of 1.28 and a beta of 1.70. Performance Food Group has a twelve month low of $38.82 and a twelve month high of $59.89. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 1.29.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 10th. The food distribution company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $9.94 billion. Performance Food Group had a net margin of 0.14% and a return on equity of 8.96%. During the same period in the previous year, the firm posted $0.25 EPS. On average, research analysts anticipate that Performance Food Group will post 2.44 EPS for the current fiscal year.

In related news, insider Patrick T. Hagerty sold 10,000 shares of the stock in a transaction that occurred on Monday, November 29th. The shares were sold at an average price of $41.83, for a total transaction of $418,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christine R. Vlahcevic sold 2,989 shares of the stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $50.06, for a total transaction of $149,629.34. The disclosure for this sale can be found here. Insiders have sold a total of 15,630 shares of company stock worth $685,657 over the last three months. Insiders own 2.60% of the company’s stock.

Performance Food Group Profile

Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice and Vistar. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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