Amalgamated Bank Grows Stock Position in Performance Food Group (NYSE:PFGC)

Amalgamated Bank increased its position in shares of Performance Food Group (NYSE:PFGC) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,589 shares of the food distribution company’s stock after purchasing an additional 136 shares during the quarter. Amalgamated Bank’s holdings in Performance Food Group were worth $6,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Performance Food Group during the third quarter worth about $26,000. Venturi Wealth Management LLC grew its stake in Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Performance Food Group during the 4th quarter valued at about $42,000. Finally, V Square Quantitative Management LLC raised its holdings in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PFGC. Melius Research upgraded Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Melius assumed coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. UBS Group raised their target price on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Barclays dropped their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Stock Up 0.8 %

Shares of PFGC opened at $82.80 on Thursday. 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 cap of $12.94 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company’s 50-day moving average price is $86.31 and its 200 day moving average price is $82.49. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last released 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 net margin of 0.64% and a return on equity of 16.58%. On average, sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

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.