UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 34,391 Shares of Performance Food Group Company $PFGC

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 decreased its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing 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 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 PFGC. Victory Capital Management Inc. raised its stake in Performance Food Group by 59.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after acquiring an additional 2,318,763 shares during the period. JPMorgan Chase & Co. grew its holdings in Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after buying an additional 1,503,703 shares in the last quarter. Nuveen LLC purchased a new stake in Performance Food Group during the 1st quarter valued at approximately $69,456,000. Assenagon Asset Management S.A. grew its holdings in Performance Food Group by 55.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,003,697 shares of the food distribution company's stock valued at $78,921,000 after buying an additional 357,153 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Performance Food Group by 61.7% during the 4th quarter. Nuveen Asset Management LLC now owns 888,534 shares of the food distribution company's stock valued at $75,126,000 after buying an additional 339,024 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Down 0.2%

NYSE:PFGC opened at $106.05 on Monday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $106.93. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The stock has a fifty day simple moving average of $99.65 and a 200-day simple moving average of $88.22. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping 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 business 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 revenue for the quarter was up 11.2% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PFGC. Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Truist Financial increased their price objective 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. Wells Fargo & Company raised their target price 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. Citigroup assumed coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price for the company. Finally, Piper Sandler raised shares of Performance Food Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $90.00 to $114.00 in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Insiders Place Their Bets

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the sale, the insider directly owned 47,655 shares in the company, valued at $5,007,110.85. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group 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 owned 53,794 shares of the company's stock, valued at $5,463,318.64. The trade was a 2.37% decrease in their ownership of the stock. 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 three months. 2.80% of the stock is owned by company insiders.

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.

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