Performance Food Group (NYSE:PFGC) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Performance Food Group (NYSE:PFGCGet Rating) by 4.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 103,980 shares of the food distribution company’s stock after selling 4,844 shares during the period. Amalgamated Bank owned about 0.07% of Performance Food Group worth $5,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its stake in shares of Performance Food Group by 49.9% in the 4th quarter. William Blair Investment Management LLC now owns 5,317,981 shares of the food distribution company’s stock valued at $244,042,000 after purchasing an additional 1,769,462 shares during the last quarter. Invesco Ltd. raised its holdings in Performance Food Group by 49.8% in the 1st quarter. Invesco Ltd. now owns 4,574,163 shares of the food distribution company’s stock worth $232,869,000 after acquiring an additional 1,521,519 shares during the period. Wellington Management Group LLP raised its holdings in Performance Food Group by 11.3% in the 1st quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company’s stock worth $677,034,000 after acquiring an additional 1,349,095 shares during the period. Eaton Vance Management raised its holdings in Performance Food Group by 37.9% in the 1st quarter. Eaton Vance Management now owns 3,458,205 shares of the food distribution company’s stock worth $176,057,000 after acquiring an additional 949,902 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Performance Food Group by 5,818.8% during the 4th quarter. Marshall Wace LLP now owns 838,518 shares of the food distribution company’s stock worth $38,480,000 after purchasing an additional 824,351 shares during the period. Institutional investors and hedge funds own 99.68% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 32,904 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $51.56, for a total value of $1,696,530.24. Following the transaction, the insider now directly owns 1,465,015 shares in the company, valued at $75,536,173.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 33,904 shares of company stock worth $1,744,330 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PFGC shares. Barclays boosted their price objective on shares of Performance Food Group from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Truist Financial boosted their price objective on shares of Performance Food Group from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. TheStreet upgraded shares of Performance Food Group from a “c” rating to a “b-” rating in a report on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Performance Food Group from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Piper Sandler lifted their target price on shares of Performance Food Group from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.44.

Performance Food Group Price Performance

NYSE:PFGC opened at $49.50 on Tuesday. The firm has a market cap of $7.69 billion, a PE ratio of 68.75 and a beta of 1.29. Performance Food Group has a 12 month low of $38.23 and a 12 month high of $58.13. The company has a quick ratio of 0.71, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $50.48 and its two-hundred day moving average price is $48.29.

Performance Food Group (NYSE:PFGCGet Rating) last released its quarterly earnings results on Wednesday, August 17th. The food distribution company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $14.59 billion for the quarter, compared to analyst estimates of $14.56 billion. Performance Food Group had a net margin of 0.22% and a return on equity of 12.35%. The company’s revenue for the quarter was up 56.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. On average, equities analysts anticipate that Performance Food Group will post 3.37 EPS for the current fiscal year.

Performance Food Group Company Profile

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Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

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

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