Performance Food Group Co (PFGC) Holdings Reduced by Carillon Tower Advisers Inc.

Carillon Tower Advisers Inc. decreased its position in Performance Food Group Co (NYSE:PFGC) by 0.2% in the 1st quarter, Holdings Channel reports. The firm owned 148,688 shares of the food distribution company’s stock after selling 275 shares during the period. Carillon Tower Advisers Inc.’s holdings in Performance Food Group were worth $5,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Performance Food Group by 12.2% in the 4th quarter. FMR LLC now owns 8,899,049 shares of the food distribution company’s stock worth $287,173,000 after acquiring an additional 966,672 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,158,083 shares of the food distribution company’s stock worth $271,664,000 after acquiring an additional 356,243 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Performance Food Group by 6.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,446,020 shares of the food distribution company’s stock worth $143,473,000 after acquiring an additional 250,842 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Performance Food Group by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,051,932 shares of the food distribution company’s stock worth $66,214,000 after acquiring an additional 139,473 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Performance Food Group by 93.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,406,965 shares of the food distribution company’s stock worth $45,403,000 after acquiring an additional 680,215 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

PFGC stock opened at $39.31 on Thursday. Performance Food Group Co has a 12 month low of $28.05 and a 12 month high of $41.85. The company has a market cap of $4.10 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.89 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 1.45 and a debt-to-equity ratio of 0.95.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, May 8th. The food distribution company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Performance Food Group had a net margin of 0.91% and a return on equity of 14.91%. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Performance Food Group Co will post 1.78 earnings per share for the current fiscal year.

PFGC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Friday, February 8th. Pivotal Research reaffirmed a “hold” rating and issued a $37.00 price target on shares of Performance Food Group in a research note on Thursday, February 7th. ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Finally, Bank of America initiated coverage on shares of Performance Food Group in a research note on Wednesday, April 17th. They issued a “buy” rating and a $45.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.00.

In related news, insider Patrick T. Hagerty sold 7,450 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $40.85, for a total transaction of $304,332.50. Following the completion of the sale, the insider now directly owns 169,006 shares of the company’s stock, valued at $6,903,895.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $39.71, for a total transaction of $277,970.00. Following the sale, the insider now directly owns 169,456 shares of the company’s stock, valued at $6,729,097.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,609 shares of company stock valued at $1,026,605. Company insiders own 3.80% of the company’s stock.

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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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