Keybank National Association OH Raises Position in Performance Food Group Company (PFGC)

Keybank National Association OH increased its stake in shares of Performance Food Group Company (NYSE:PFGC) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,050 shares of the restaurant operator’s stock after acquiring an additional 2,525 shares during the quarter. Keybank National Association OH’s holdings in Performance Food Group were worth $1,329,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Performance Food Group by 37.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 1,247 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Performance Food Group during the second quarter worth $118,000. Pacad Investment Ltd. boosted its position in shares of Performance Food Group by 880.0% during the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 4,400 shares during the last quarter. Strs Ohio boosted its position in shares of Performance Food Group by 4,700.0% during the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Performance Food Group during the second quarter worth $141,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

A number of equities analysts recently weighed in on PFGC shares. Morgan Stanley upped their target price on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 13th. BMO Capital Markets upped their price target on shares of Performance Food Group from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, September 13th. TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, October 5th. Finally, BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Performance Food Group has an average rating of “Buy” and a consensus target price of $30.88.

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In other news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $28.25, for a total value of $141,250,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James D. Hope bought 3,575 shares of Performance Food Group stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the purchase, the insider now owns 65,480 shares of the company’s stock, valued at approximately $1,767,305.20. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Shares of Performance Food Group Company (NYSE PFGC) opened at $27.65 on Monday. The stock has a market cap of $2,893.24, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.06 and a beta of -0.28. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.80 and a current ratio of 1.55. Performance Food Group Company has a 12 month low of $19.95 and a 12 month high of $29.90.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Performance Food Group’s revenue was up 7.9% on a year-over-year basis. equities analysts forecast that Performance Food Group Company will post 1.45 EPS for the current year.

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

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