Deutsche Bank AG Has $2.15 Million Stake in Performance Food Group (NYSE:PFGC)

Deutsche Bank AG cut its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,439 shares of the food distribution company's stock after selling 5,580 shares during the period. Deutsche Bank AG's holdings in Performance Food Group were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Eminence Capital LP increased its holdings in shares of Performance Food Group by 3.2% in the fourth quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company's stock worth $218,086,000 after acquiring an additional 79,591 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Performance Food Group by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 32,461 shares of the food distribution company's stock valued at $2,745,000 after acquiring an additional 369 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Performance Food Group by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 22,026 shares of the food distribution company's stock valued at $1,862,000 after buying an additional 663 shares during the last quarter. Bain Capital Public Equity Management II LLC lifted its stake in Performance Food Group by 13.9% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 2,084,157 shares of the food distribution company's stock valued at $176,215,000 after acquiring an additional 253,600 shares during the last quarter. Finally, Bain Capital Public Equity LP grew its holdings in Performance Food Group by 18.5% during the fourth quarter. Bain Capital Public Equity LP now owns 97,899 shares of the food distribution company's stock worth $8,277,000 after purchasing an additional 15,256 shares during the period. 96.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Barclays boosted their target price on shares of Performance Food Group from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.55.

Performance Food Group Trading Down 1.1%

PFGC opened at $83.70 on Friday. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a 50-day simple moving average of $79.64 and a 200 day simple moving average of $83.52.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Performance Food Group's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 19,113 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $87.55, for a total value of $1,673,343.15. Following the sale, the insider now directly owns 152,293 shares of the company's stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.80% of the company's stock.

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.

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