B. Metzler seel. Sohn & Co. AG Sells 9,905 Shares of Performance Food Group Company $PFGC

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Performance Food Group Company by 25.6% during the first quarter, now holding 28,787 shares worth approximately $2.26 million.
• In contrast to B. Metzler, other investors like SG Americas Securities and Boston Partners significantly increased their holdings in Performance Food Group by 746.2% and 39.0%, respectively.
• Performance Food Group reported better-than-expected earnings per share of $1.55 for the last quarter, exceeding estimates, with a revenue of $16.94 billion, marking an 11.2% year-over-year increase.

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 25.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,787 shares of the food distribution company's stock after selling 9,905 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Performance Food Group were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PFGC. Stifel Financial Corp raised its position in shares of Performance Food Group by 4.6% during the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after purchasing an additional 130 shares during the period. CWM LLC raised its position in shares of Performance Food Group by 8.6% during the 1st quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock valued at $183,000 after purchasing an additional 185 shares during the period. QRG Capital Management Inc. raised its position in shares of Performance Food Group by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock valued at $366,000 after purchasing an additional 208 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Performance Food Group by 6.9% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock valued at $256,000 after purchasing an additional 209 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Performance Food Group by 8.7% during the 1st quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company's stock valued at $222,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PFGC shares. Wells Fargo & Company lifted their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Truist Financial lifted their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Citigroup started coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. Finally, Barclays lifted their price target on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $109.67.

Performance Food Group Trading Up 3.0%

Shares of PFGC stock traded up $3.07 during trading hours on Tuesday, reaching $104.47. 1,063,845 shares of the stock were exchanged, compared to its average volume of 1,350,212. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $104.98. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The company's 50-day moving average price is $96.50 and its 200-day moving average price is $86.90. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 1,308 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value of $132,840.48. Following the completion of the sale, the insider directly owned 53,794 shares of the company's stock, valued at $5,463,318.64. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika T. Davis sold 1,277 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.55, for a total transaction of $129,679.35. Following the completion of the sale, the insider directly owned 50,641 shares of the company's stock, valued at approximately $5,142,593.55. This trade represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,534 shares of company stock valued at $4,322,796 in the last three months. Company insiders own 2.80% of the company's stock.

Performance Food Group 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.