Amalgamated Bank Has $7.22 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Amalgamated Bank cut its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,348 shares of the food distribution company's stock after selling 17,759 shares during the period. Amalgamated Bank owned about 0.07% of Performance Food Group worth $7,216,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PFGC. Signaturefd LLC lifted its stake in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company's stock worth $35,000 after purchasing an additional 143 shares during the period. Park Avenue Securities LLC boosted its stake in Performance Food Group by 1.8% in the 3rd quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company's stock valued at $616,000 after buying an additional 186 shares in the last quarter. Fifth Third Bancorp grew its position in Performance Food Group by 23.0% in the fourth quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company's stock valued at $70,000 after acquiring an additional 189 shares during the period. DAVENPORT & Co LLC raised its stake in Performance Food Group by 3.0% during the fourth quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company's stock worth $569,000 after acquiring an additional 240 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Performance Food Group by 16.1% during the third quarter. Covestor Ltd now owns 1,965 shares of the food distribution company's stock valued at $116,000 after acquiring an additional 272 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Up 1.1 %

PFGC traded up $0.72 during mid-day trading on Friday, reaching $69.21. The stock had a trading volume of 1,023,258 shares, compared to its average volume of 1,114,639. The firm's fifty day simple moving average is $72.99 and its two-hundred day simple moving average is $69.05. The stock has a market capitalization of $10.77 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.95 and a beta of 1.40. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. Performance Food Group's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. On average, equities analysts predict that Performance Food Group will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PFGC. Barclays increased their target price on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Stephens boosted their target price on Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. StockNews.com upgraded Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. BMO Capital Markets lifted their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Finally, Morgan Stanley increased their target price on Performance Food Group from $78.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.25.

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 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.