Performance Food Group (NYSE:PFGC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Performance Food Group (NYSE:PFGC - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,110 shares of the food distribution company's stock after purchasing an additional 19,130 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of Performance Food Group worth $50,232,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in Performance Food Group in the 4th quarter worth $26,000. Blue Trust Inc. raised its position in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC raised its position in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after purchasing an additional 239 shares during the period. J.Safra Asset Management Corp raised its position in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after purchasing an additional 226 shares during the period. Finally, Mainstream Capital Management LLC purchased a new position in Performance Food Group in the 4th quarter worth $105,000. 96.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 14,285 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total value of $1,195,654.50. Following the completion of the sale, the insider now directly owns 138,008 shares in the company, valued at $11,551,269.60. This represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PFGC. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday. UBS Group boosted their price objective on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday. Truist Financial dropped their target price on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup assumed coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.08.

Performance Food Group Stock Up 0.5%

Shares of NYSE:PFGC traded up $0.44 during trading hours on Friday, hitting $89.73. The company's stock had a trading volume of 310,260 shares, compared to its average volume of 1,115,825. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 0.96 and a beta of 1.13. The firm's fifty day moving average price is $80.61 and its 200 day moving average price is $83.56. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The firm's revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. As a group, research analysts expect that Performance Food Group will post 4.58 EPS for the current year.

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.