Amalgamated Bank bought a new stake in Performance Food Group Co (NYSE:PFGC) during the 4th quarter, Holdings Channel reports. The fund bought 14,941 shares of the food distribution company’s stock, valued at approximately $482,000.

Several other large investors have also recently modified their holdings of PFGC. Advisor Group Inc. lifted its stake in shares of Performance Food Group by 19.8% in the fourth quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock valued at $59,000 after purchasing an additional 303 shares during the period. Brown Advisory Inc. lifted its stake in shares of Performance Food Group by 8.2% in the fourth quarter. Brown Advisory Inc. now owns 7,237 shares of the food distribution company’s stock valued at $234,000 after purchasing an additional 546 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Performance Food Group by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,872 shares of the food distribution company’s stock valued at $222,000 after purchasing an additional 576 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Performance Food Group in the fourth quarter valued at about $29,000. Finally, United Services Automobile Association lifted its stake in shares of Performance Food Group by 8.2% in the fourth quarter. United Services Automobile Association now owns 16,778 shares of the food distribution company’s stock valued at $541,000 after purchasing an additional 1,277 shares during the period. 96.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of PFGC opened at $39.64 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.57 and a debt-to-equity ratio of 1.07. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.70. Performance Food Group Co has a 12-month low of $28.05 and a 12-month high of $40.08.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 6th. The food distribution company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Performance Food Group had a net margin of 0.94% and a return on equity of 15.39%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, research analysts anticipate that Performance Food Group Co will post 1.81 earnings per share for the current year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Friday, February 8th. Citigroup assumed coverage on shares of Performance Food Group in a research note on Friday, December 21st. They issued a “buy” rating and a $40.00 price objective for the company. ValuEngine upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Pivotal Research reiterated a “hold” rating and issued a $37.00 price objective on shares of Performance Food Group in a research note on Thursday, February 7th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Performance Food Group in a research note on Friday, January 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.17.

In other Performance Food Group news, insider Patrick T. Hagerty sold 7,000 shares of Performance Food Group stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $39.71, for a total transaction of $277,970.00. Following the completion of the transaction, the insider now owns 169,456 shares in the company, valued at $6,729,097.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Craig Howard Hoskins sold 10,709 shares of Performance Food Group stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $39.86, for a total transaction of $426,860.74. Following the transaction, the insider now owns 97,529 shares of the company’s stock, valued at approximately $3,887,505.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,609 shares of company stock valued at $737,672. 3.80% of the stock is currently owned by company insiders.

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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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