Commerce Bank Sells 16,638 Shares of Performance Food Group (NYSE:PFGC)

Commerce Bank decreased its stake in shares of Performance Food Group (NYSE:PFGC) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,147 shares of the food distribution company’s stock after selling 16,638 shares during the period. Commerce Bank owned about 0.06% of Performance Food Group worth $7,537,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PFGC. FMR LLC boosted its holdings in Performance Food Group by 0.6% during the 4th quarter. FMR LLC now owns 13,391,257 shares of the food distribution company’s stock worth $1,132,231,000 after acquiring an additional 78,855 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after purchasing an additional 2,371,818 shares during the last quarter. Wellington Management Group LLP grew its position in Performance Food Group by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company’s stock worth $330,560,000 after purchasing an additional 147,080 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Performance Food Group during the 4th quarter worth approximately $164,471,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 1.4 %

Performance Food Group stock opened at $75.93 on Friday. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The firm has a 50 day simple moving average of $78.97 and a 200 day simple moving average of $83.21. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays decreased their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Company 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.