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

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Performance Food Group (NYSE:PFGC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,692 shares of the food distribution company's stock, valued at approximately $3,032,000.

Other large investors have also recently made changes to their positions in the company. Primecap Management Co. CA grew its stake in Performance Food Group by 223.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company's stock worth $107,447,000 after purchasing an additional 1,122,676 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Point72 Asset Management L.P. raised its holdings in Performance Food Group by 27.8% in the second quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company's stock valued at $113,093,000 after acquiring an additional 372,218 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Performance Food Group by 166.1% in the third quarter. Assenagon Asset Management S.A. now owns 275,466 shares of the food distribution company's stock worth $21,588,000 after acquiring an additional 171,953 shares during the last quarter. Finally, Eminence Capital LP grew its holdings in Performance Food Group by 7.4% during the 2nd quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company's stock worth $158,572,000 after acquiring an additional 164,472 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares of the company's stock, valued at $11,185,774.32. The trade was a 14.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Performance Food Group Trading Up 2.8 %

Shares of PFGC traded up $2.39 on Thursday, hitting $86.40. 674,608 shares of the stock traded hands, compared to its average volume of 1,026,413. The firm has a market capitalization of $13.46 billion, a P/E ratio of 31.00, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 1 year low of $61.59 and a 1 year high of $89.00. The stock's 50 day moving average is $80.78 and its two-hundred day moving average is $73.07.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share 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 company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. During the same quarter last year, the business earned $1.15 EPS. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Performance Food Group will post 4.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PFGC shares. Guggenheim raised their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. BMO Capital Markets raised their price target 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. Barclays boosted their price objective on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $92.00 target price on shares of Performance Food Group in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.27.

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.