Performance Food Group Company $PFGC Stock Holdings Increased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Performance Food Group by 18.1% in Q4 to 82,065 shares, worth about $7.38 million and representing 0.05% of the company.
• Analysts have an average rating of “Moderate Buy” (nine Buys, two Holds) with an average price target of $116.44, versus the recent share price around $88.73, implying notable upside from current levels.
• Performance Food Group recently missed quarterly estimates (EPS $0.98 vs. $1.07 consensus; revenue $16.44B vs. $16.54B), and the stock trades near $88.73 with a market cap of $13.91B and a P/E of 40.33.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,065 shares of the food distribution company's stock after purchasing an additional 12,584 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Performance Food Group worth $7,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in PFGC. Root Financial Partners LLC purchased a new stake in shares of Performance Food Group in the third quarter worth approximately $39,000. Eastern Bank purchased a new stake in shares of Performance Food Group in the third quarter worth approximately $47,000. Mather Group LLC. purchased a new stake in shares of Performance Food Group in the third quarter worth approximately $55,000. EverSource Wealth Advisors LLC lifted its position in shares of Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock worth $58,000 after purchasing an additional 537 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Performance Food Group by 55.4% in the third quarter. Parkside Financial Bank & Trust now owns 564 shares of the food distribution company's stock worth $59,000 after purchasing an additional 201 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PFGC. Weiss Ratings reissued a "hold (c)" rating on shares of Performance Food Group in a research report on Friday, March 27th. UBS Group cut their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Citigroup cut their price objective on shares of Performance Food Group from $127.00 to $126.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Performance Food Group in a research report on Thursday, February 5th. Finally, Zacks Research upgraded Performance Food Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and an average price target of $116.44.

Performance Food Group Trading Down 1.7%

Shares of Performance Food Group stock opened at $88.73 on Tuesday. The company's fifty day simple moving average is $89.19 and its 200-day simple moving average is $92.95. The company has a current ratio of 1.60, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Performance Food Group Company has a 1 year low of $77.44 and a 1 year high of $109.05. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 1.42 and a beta of 0.94.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Performance Food Group's revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that Performance Food Group Company will post 4.59 EPS for the current year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the sale, the insider owned 6,601 shares of the company's stock, valued at $607,490.03. The trade was a 21.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.50% of the stock is owned by company insiders.

Performance Food Group Company 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.

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