Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 75,696 Performance Food Group Company (NYSE:PFGC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 75,696 shares of Performance Food Group (NYSE:PFGC), valued at approximately $5.95 million.
• Insider A Brent King sold 12,866 shares, marking a 17.43% decrease in his ownership, amid a period where insiders sold a total of 84,172 shares.
• Performance Food Group reported earnings per share (EPS) of $0.79 for the last quarter, missing expectations by $0.07, and had revenue of $15.31 billion.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Performance Food Group Company (NYSE:PFGC - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 75,696 shares of the food distribution company's stock, valued at approximately $5,952,000.

Other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co increased its position in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC grew its stake in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after buying an additional 334 shares during the last quarter. Signaturefd LLC grew its position in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after purchasing an additional 314 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after buying an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Performance Food Group by 34,133.3% in the first quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock worth $81,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Insider Buying and Selling at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the insider owned 35,239 shares of the company's stock, valued at $3,347,705. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald S. Bulmer sold 2,404 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.00, for a total value of $216,360.00. Following the completion of the sale, the insider directly owned 51,350 shares of the company's stock, valued at approximately $4,621,500. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,172 shares of company stock worth $7,534,748. 2.80% of the stock is owned by insiders.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded down $1.17 during trading on Thursday, reaching $100.91. The company's stock had a trading volume of 295,935 shares, compared to its average volume of 1,263,693. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group Company has a 12-month low of $63.24 and a 12-month high of $103.50. The company has a market capitalization of $15.75 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The business has a 50 day moving average price of $90.61 and a 200-day moving average price of $85.04.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company 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 0.61% and a return on equity of 16.17%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, sell-side analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PFGC shares. Barclays upped their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, Truist Financial dropped their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average target price of $100.31.

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.