Performance Food Group Co (NYSE:PFGC) is Cramer Rosenthal Mcglynn LLC’s 10th Largest Position

Cramer Rosenthal Mcglynn LLC lessened its position in shares of Performance Food Group Co (NYSE:PFGC) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841,040 shares of the food distribution company’s stock after selling 85,047 shares during the quarter. Performance Food Group comprises 2.0% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 10th biggest holding. Cramer Rosenthal Mcglynn LLC’s holdings in Performance Food Group were worth $73,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NEXT Financial Group Inc boosted its holdings in shares of Performance Food Group by 12.9% in the 2nd quarter. NEXT Financial Group Inc now owns 2,114 shares of the food distribution company’s stock worth $85,000 after purchasing an additional 242 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Performance Food Group by 3.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,789 shares of the food distribution company’s stock worth $351,000 after acquiring an additional 328 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Performance Food Group by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 118,500 shares of the food distribution company’s stock worth $4,744,000 after acquiring an additional 400 shares during the last quarter. Zeke Capital Advisors LLC lifted its stake in shares of Performance Food Group by 3.0% during the 2nd quarter. Zeke Capital Advisors LLC now owns 14,017 shares of the food distribution company’s stock worth $561,000 after acquiring an additional 409 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Performance Food Group by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,259 shares of the food distribution company’s stock worth $2,092,000 after acquiring an additional 640 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

PFGC has been the subject of a number of research analyst reports. Loop Capital raised their price target on Performance Food Group to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Co raised their price target 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. Zacks Investment Research raised Performance Food Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Guggenheim reissued a “buy” rating and set a $50.00 price target (up from $46.00) on shares of Performance Food Group in a research note on Thursday, August 15th. Finally, ValuEngine raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $46.89.

NYSE PFGC traded up $0.24 on Friday, reaching $46.47. 59,131 shares of the stock traded hands, compared to its average volume of 632,451. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.77 and a current ratio of 1.57. The company has a fifty day moving average price of $44.92 and a 200-day moving average price of $41.21. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.97 and a beta of 0.63. Performance Food Group Co has a 12 month low of $28.05 and a 12 month high of $47.26.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 14th. The food distribution company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.56 billion. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. Performance Food Group’s revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts anticipate that Performance Food Group Co will post 1.98 earnings per share for the current fiscal year.

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

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 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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