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

Commerce Bank lessened its stake in Performance Food Group (NYSE:PFGC - Free Report) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,147 shares of the food distribution company's stock after selling 16,638 shares during the period. Commerce Bank owned 0.06% of Performance Food Group worth $7,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Advisory Research Inc. increased its position in Performance Food Group by 1.2% during the 4th quarter. Advisory Research Inc. now owns 150,131 shares of the food distribution company's stock valued at $12,694,000 after buying an additional 1,759 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Performance Food Group by 10.9% in the 4th quarter. NewEdge Advisors LLC now owns 8,271 shares of the food distribution company's stock valued at $699,000 after purchasing an additional 815 shares during the last quarter. Mariner LLC boosted its stake in Performance Food Group by 4.2% in the 4th quarter. Mariner LLC now owns 11,924 shares of the food distribution company's stock worth $1,008,000 after purchasing an additional 480 shares in the last quarter. Barclays PLC grew its position in Performance Food Group by 39.4% during the 4th quarter. Barclays PLC now owns 131,501 shares of the food distribution company's stock worth $11,118,000 after purchasing an additional 37,180 shares during the last quarter. Finally, Seeds Investor LLC increased its stake in Performance Food Group by 24.3% during the 4th quarter. Seeds Investor LLC now owns 4,179 shares of the food distribution company's stock valued at $353,000 after purchasing an additional 817 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

Shares of PFGC stock traded down $1.06 during mid-day trading on Friday, hitting $79.72. 237,199 shares of the stock were exchanged, compared to its average volume of 1,205,488. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $12.45 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The firm has a fifty day moving average of $78.29 and a 200 day moving average of $83.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of a number of research analyst reports. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Morgan Stanley boosted their price target on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Finally, Barclays dropped their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.09.

Performance Food Group Profile

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.