B. Metzler seel. Sohn & Co. Holding AG Invests $3.03 Million in Performance Food Group (NYSE:PFGC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,692 shares of the food distribution company's stock, valued at approximately $3,032,000.

A number of other large investors have also recently made changes to their positions in PFGC. Atria Investments Inc raised its holdings in shares of Performance Food Group by 79.3% in the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company's stock worth $2,180,000 after acquiring an additional 12,919 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Performance Food Group in the second quarter worth approximately $6,843,000. Aigen Investment Management LP boosted its position in shares of Performance Food Group by 56.1% during the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company's stock valued at $1,330,000 after buying an additional 6,099 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Performance Food Group during the first quarter valued at approximately $1,913,000. Finally, Dimensional Fund Advisors LP grew its holdings in Performance Food Group by 27.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company's stock worth $142,170,000 after buying an additional 469,500 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Morgan Stanley restated an "equal weight" rating and set a $92.00 price target on shares of Performance Food Group in a report on Monday, October 28th. Piper Sandler upped their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.27.

Insiders Place Their Bets

In other news, insider Patrick T. Hagerty sold 8,000 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the insider now directly owns 162,987 shares of the company's stock, valued at $12,152,310.72. This trade represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. The trade was a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.80% of the company's stock.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $84.01 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $80.78 and a two-hundred day simple moving average of $73.07. Performance Food Group has a 1-year low of $61.59 and a 1-year high of $89.00. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The firm had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. During the same period in the prior year, the company earned $1.15 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Performance Food Group will post 4.73 earnings per share for the current year.

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.