University of Texas Texas AM Investment Management Co. Purchases Shares of 7,896 Performance Food Group (NYSE:PFGC)

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Performance Food Group (NYSE:PFGC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,896 shares of the food distribution company's stock, valued at approximately $668,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares during the period. UMB Bank n.a. increased its position in Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after purchasing an additional 313 shares during the period. Inspire Investing LLC purchased a new position in Performance Food Group during the 4th quarter valued at about $814,000. Blue Trust Inc. increased its position in Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares during the period. Finally, KBC Group NV increased its position in Performance Food Group by 46.5% during the 4th quarter. KBC Group NV now owns 6,017 shares of the food distribution company's stock valued at $509,000 after purchasing an additional 1,911 shares during the period. Institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

PFGC has been the topic of a number of analyst reports. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday. Barclays upped their target price on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Truist Financial dropped their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, 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 price objective for the company. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $99.46.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 19,113 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the sale, the insider now owns 152,293 shares of the company's stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Stock Up 0.5%

Shares of PFGC traded up $0.46 during mid-day trading on Thursday, hitting $89.47. 413,808 shares of the company's stock were exchanged, compared to its average volume of 1,112,587. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 0.96 and a beta of 1.13. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock's 50-day moving average is $80.39 and its 200-day moving average is $83.54.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. On average, sell-side analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.