Performance Food Group Company $PFGC Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its stake in Performance Food Group by 5.8%, now holding 559,719 shares valued at approximately $44 million.
• Performance Food Group reported earnings of $1.55 per share, exceeding analysts' estimates, alongside a revenue increase to $16.94 billion for the quarter.
• Several institutional investors increased their holdings in Performance Food Group, with Victory Capital Management raising its stake by 59.3%, now owning over 6 million shares.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 559,719 shares of the food distribution company's stock after selling 34,391 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.36% of Performance Food Group worth $44,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake 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 buying an additional 369 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Performance Food Group by 61.7% in the fourth quarter. Nuveen Asset Management LLC now owns 888,534 shares of the food distribution company's stock valued at $75,126,000 after acquiring an additional 339,024 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Performance Food Group in the fourth quarter valued at about $1,795,000. Quantinno Capital Management LP raised its position in Performance Food Group by 13.2% during the fourth quarter. Quantinno Capital Management LP now owns 16,605 shares of the food distribution company's stock worth $1,404,000 after acquiring an additional 1,937 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Performance Food Group by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 7,289 shares of the food distribution company's stock worth $616,000 after acquiring an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Insider Buying and Selling

In related news, insider A Brent King sold 9,136 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total transaction of $918,259.36. Following the completion of the transaction, the insider directly owned 66,540 shares in the company, valued at $6,687,935.40. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider directly owned 47,655 shares of the company's stock, valued at $5,007,110.85. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,968 shares of company stock valued at $5,944,596 in the last ninety days. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Citigroup initiated coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price for the company. Piper Sandler raised shares of Performance Food Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Wells Fargo & Company increased their price objective on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Guggenheim restated a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Stock Performance

NYSE PFGC traded down $2.56 on Friday, reaching $105.48. The stock had a trading volume of 3,379,007 shares, compared to its average volume of 1,559,625. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. The firm has a fifty day moving average of $101.22 and a two-hundred day moving average of $88.94. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05. The company has a market cap of $16.51 billion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10.

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

About Performance Food Group

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.