UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 31,143 Shares of Performance Food Group (NYSE:PFGC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 574,980 shares of the food distribution company's stock after selling 31,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of Performance Food Group worth $45,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Performance Food Group during the third quarter worth $26,000. Innealta Capital LLC bought a new position in shares of Performance Food Group in the second quarter worth $30,000. Venturi Wealth Management LLC grew its position in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after purchasing an additional 365 shares during the period. Institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PFGC shares. Guggenheim lifted their target price on Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Barclays raised their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Piper Sandler upped their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price objective on Performance Food Group from $83.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $94.27.

Performance Food Group Price Performance

Shares of PFGC traded up $0.66 during midday trading on Wednesday, reaching $89.30. The stock had a trading volume of 419,321 shares, compared to its average volume of 1,019,145. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $89.73. The company's 50-day moving average is $82.97 and its 200 day moving average is $74.16.

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). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The firm's revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. On average, equities analysts predict that Performance Food Group will post 4.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now directly owns 192,868 shares in the company, valued at $17,026,387.04. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.

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.