Performance Food Group Company $PFGC Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Performance Food Group Company (NYSE:PFGC) by 8.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 69,481 shares of the food distribution company’s stock after selling 6,750 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Performance Food Group were worth $7,229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PFGC. Holocene Advisors LP lifted its stake in Performance Food Group by 8.6% in the second quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock valued at $269,318,000 after buying an additional 244,793 shares during the last quarter. Primecap Management Co. CA raised its position in Performance Food Group by 22.1% in the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after purchasing an additional 465,807 shares during the last quarter. Eminence Capital LP boosted its stake in Performance Food Group by 6.7% during the 2nd quarter. Eminence Capital LP now owns 2,250,830 shares of the food distribution company’s stock worth $196,880,000 after purchasing an additional 141,864 shares during the period. Norges Bank acquired a new stake in Performance Food Group during the 2nd quarter worth $163,954,000. Finally, Jennison Associates LLC grew its position in Performance Food Group by 10.2% during the 2nd quarter. Jennison Associates LLC now owns 1,860,048 shares of the food distribution company’s stock worth $162,698,000 after purchasing an additional 171,957 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

NYSE PFGC opened at $93.80 on Monday. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 1.13 and a beta of 0.93. The business’s 50 day moving average is $93.04 and its two-hundred day moving average is $97.96. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $109.05. The company has a current ratio of 1.67, a quick ratio of 0.70 and a debt-to-equity ratio of 1.55.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The business had revenue of $17.08 billion during the quarter, compared to analysts’ expectations of $16.87 billion. During the same period last year, the firm earned $1.16 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Morgan Stanley set a $123.00 price target on Performance Food Group in a research report on Tuesday, January 20th. Sanford C. Bernstein initiated coverage on Performance Food Group in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price objective for the company. Piper Sandler lowered their target price on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.22.

Performance Food Group Profile

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.