Lexington Advisors Inc Adv Lowers stake in Performance Food Group Co (PFGC)

Performance Food Group Co (PFGC) : Lexington Advisors Inc Adv reduced its stake in Performance Food Group Co by 22.36% during the most recent quarter end. The investment management company now holds a total of 1,301,946 shares of Performance Food Group Co which is valued at $34,527,608 after selling 374,950 shares in Performance Food Group Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Performance Food Group Co makes up approximately 13.48% of Lexington Advisors Inc Adv’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc boosted its stake in PFGC in the latest quarter, The investment management firm added 86,898 additional shares and now holds a total of 450,772 shares of Performance Food Group Co which is valued at $11,954,473. Performance Food Group Co makes up approx 0.06% of Fred Alger Management Inc’s portfolio.Massachusetts Financial Services Co reduced its stake in PFGC by selling 176,587 shares or 32.09% in the most recent quarter. The Hedge Fund company now holds 373,694 shares of PFGC which is valued at $9,910,365. Credit Suisse Ag added PFGC to its portfolio by purchasing 711,042 company shares during the most recent quarter which is valued at $18,856,834. Performance Food Group Co makes up approx 0.02% of Credit Suisse Ag’s portfolio.Strs Ohio boosted its stake in PFGC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 5,900 shares of Performance Food Group Co which is valued at $163,371. Huntington National Bank added PFGC to its portfolio by purchasing 37 company shares during the most recent quarter which is valued at $1,025.

On the company’s financial health, Performance Food Group Co reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $0.39. The company had revenue of $4372.90 million for the quarter, compared to analysts expectations of $4457.70 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Performance Food Group Co. Shares were Reiterated by Pivotal Research Group on Aug 18, 2016 to “Hold” and Lowered the Price Target to $ 25 from a previous price target of $27 .

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150000 food and food-related products from 67 distribution centers to around 150000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice PFG Customized and Vistar. The Performance Foodservice segment is a foodservice distributor in the United States which serves around 85000 customer locations with around 125000 food and food-related products. The PFG Customized segment acts as a distributor to the family and casual dining channel. The Vistar segment is engaged in distributing candy snacks and beverages to vending and office coffee service distributors big box retailers and theaters.

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