Commerce Bank Boosts Position in Performance Food Group Co (PFGC)
Commerce Bank increased its position in shares of Performance Food Group Co (NYSE:PFGC) by 33.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,310 shares of the restaurant operator’s stock after buying an additional 5,095 shares during the period. Commerce Bank’s holdings in Performance Food Group were worth $673,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of PFGC. Public Employees Retirement Association of Colorado acquired a new position in Performance Food Group during the fourth quarter valued at approximately $103,000. Strs Ohio boosted its position in Performance Food Group by 4,700.0% during the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 4,700 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new position in Performance Food Group during the fourth quarter valued at approximately $136,000. Public Employees Retirement System of Ohio boosted its position in Performance Food Group by 25.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock valued at $158,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Performance Food Group by 42.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 1,478 shares during the last quarter. Institutional investors and hedge funds own 92.10% of the company’s stock.
Several research analysts recently commented on PFGC shares. TheStreet raised Performance Food Group from a “c” rating to a “b-” rating in a research report on Friday, December 29th. Guggenheim reissued a “buy” rating and set a $39.00 price target on shares of Performance Food Group in a research report on Sunday, January 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Performance Food Group in a research report on Wednesday, January 24th. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, December 19th. Finally, Loop Capital set a $35.00 price objective on Performance Food Group and gave the company a “buy” rating in a research report on Friday, December 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.44.
Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. sell-side analysts anticipate that Performance Food Group Co will post 1.6 EPS for the current year.
In related news, insider Craig Howard Hoskins sold 12,533 shares of Performance Food Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $30.49, for a total transaction of $382,131.17. Following the completion of the sale, the insider now directly owns 149,744 shares of the company’s stock, valued at approximately $4,565,694.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of Performance Food Group stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $29.68, for a total value of $186,180,087.52. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
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Performance Food Group Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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