UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $40.88 Million Stake in Performance Food Group Company $PFGC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Performance Food Group Company (NYSE:PFGC) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 365,696 shares of the food distribution company’s stock after selling 22,602 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Performance Food Group were worth $40,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after buying an additional 121 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock valued at $285,000 after buying an additional 122 shares during the last quarter. Arax Advisory Partners increased its position in shares of Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after acquiring an additional 140 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Performance Food Group by 16.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after acquiring an additional 143 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Performance Food Group by 6.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock worth $243,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $133.00 price target on shares of Performance Food Group in a research note on Thursday, August 13th. Morgan Stanley increased their price objective on Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. TD Cowen decreased their price target on Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Guggenheim increased their price target on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Performance Food Group Trading Down 0.2%

Shares of Performance Food Group stock opened at $99.15 on Friday. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. The firm has a market cap of $15.62 billion, a PE ratio of 43.30, a P/E/G ratio of 1.28 and a beta of 0.88. The stock has a fifty day moving average price of $109.56 and a 200-day moving average price of $98.78. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The company had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.Performance Food Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Equities research analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current year.

Insiders Place Their Bets

In other Performance Food Group news, insider Erika Davis sold 1,320 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider directly owned 40,402 shares in the company, valued at $4,253,926.58. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider A. King sold 1,320 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the transaction, the insider directly owned 44,216 shares of the company’s stock, valued at $4,655,502.64. This represents a 2.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,750 shares of company stock valued at $6,019,910. Company insiders own 4.50% of the company’s stock.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.