Comerica Bank Has $3.59 Million Position in Performance Food Group (NYSE:PFGC)

Comerica Bank reduced its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,456 shares of the food distribution company's stock after selling 6,409 shares during the quarter. Comerica Bank's holdings in Performance Food Group were worth $3,590,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PFGC. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the fourth quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares during the period. V Square Quantitative Management LLC grew its holdings in Performance Food Group by 51.4% during the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after acquiring an additional 239 shares during the period. UMB Bank n.a. lifted its holdings in Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 313 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its stake in shares of Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Down 1.2 %

Shares of Performance Food Group stock traded down $1.02 on Friday, hitting $84.42. 1,257,885 shares of the company traded hands, compared to its average volume of 1,111,832. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a 50-day moving average price of $77.90 and a 200 day moving average price of $83.19. The company has a market cap of $13.19 billion, a PE ratio of 34.04, a PEG ratio of 0.96 and a beta of 1.13.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. Sell-side 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 weighed in on the stock. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Morgan Stanley lifted their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Truist Financial reduced their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Barclays upped their price objective on shares of Performance Food Group from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $95.55.

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.