Performance Food Group Co (NYSE:PFGC) Stock Holdings Trimmed by Cramer Rosenthal Mcglynn LLC

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Cramer Rosenthal Mcglynn LLC trimmed its position in Performance Food Group Co (NYSE:PFGC) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,841,040 shares of the food distribution company’s stock after selling 85,047 shares during the period. Performance Food Group accounts for 2.0% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 10th biggest position. Cramer Rosenthal Mcglynn LLC owned approximately 1.75% of Performance Food Group worth $73,697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PFGC. Tower Research Capital LLC TRC purchased a new stake in shares of Performance Food Group in the second quarter worth $45,000. BlackRock Inc. grew its stake in shares of Performance Food Group by 17.2% in the second quarter. BlackRock Inc. now owns 8,872,029 shares of the food distribution company’s stock worth $355,150,000 after acquiring an additional 1,301,033 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Performance Food Group by 142.2% in the second quarter. APG Asset Management N.V. now owns 986,400 shares of the food distribution company’s stock worth $34,673,000 after acquiring an additional 579,200 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Performance Food Group by 17.5% in the second quarter. Westfield Capital Management Co. LP now owns 664,184 shares of the food distribution company’s stock worth $26,587,000 after acquiring an additional 98,779 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its stake in shares of Performance Food Group by 18.4% in the second quarter. Commonwealth Bank of Australia now owns 81,552 shares of the food distribution company’s stock worth $3,263,000 after acquiring an additional 12,652 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

In other Performance Food Group news, insider Christine R. Vlahcevic sold 7,879 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $45.27, for a total value of $356,682.33. Following the transaction, the insider now owns 19,807 shares of the company’s stock, valued at $896,662.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $40.22, for a total value of $281,540.00. Following the completion of the transaction, the insider now directly owns 148,506 shares in the company, valued at approximately $5,972,911.32. The disclosure for this sale can be found here. Insiders have sold 28,879 shares of company stock worth $1,271,022 over the last ninety days. 3.80% of the stock is currently owned by insiders.

Shares of Performance Food Group stock traded up $0.24 during trading on Friday, hitting $46.47. 59,131 shares of the company’s stock traded hands, compared to its average volume of 632,451. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 0.77. Performance Food Group Co has a 1 year low of $28.05 and a 1 year high of $47.26. The stock has a market capitalization of $4.78 billion, a P/E ratio of 25.12, a PEG ratio of 1.97 and a beta of 0.63. The business has a 50-day simple moving average of $44.92 and a 200-day simple moving average of $41.21.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm posted $0.53 earnings per share. Performance Food Group’s revenue was up 28.4% compared to the same quarter last year. On average, equities analysts predict that Performance Food Group Co will post 1.98 earnings per share for the current fiscal year.

A number of research firms have recently commented on PFGC. BMO Capital Markets increased their target price on Performance Food Group to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Buckingham Research increased their target price on Performance Food Group from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. ValuEngine raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Loop Capital increased their target price on Performance Food Group to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Co increased their target price on Performance Food Group from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Performance Food Group has a consensus rating of “Buy” and an average target price of $46.89.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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

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