B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in Performance Food Group (NYSE:PFGC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Performance Food Group (NYSE:PFGC) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 38,692 shares of the food distribution company’s stock, valued at approximately $3,032,000.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Performance Food Group in the third quarter worth $26,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group during the second quarter valued at $30,000. Venturi Wealth Management LLC increased its position in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. Finally, UMB Bank n.a. raised its stake in Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Up 1.4 %

Shares of NYSE PFGC opened at $84.01 on Thursday. Performance Food Group has a 52-week low of $61.59 and a 52-week high of $89.00. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The company’s 50-day simple moving average is $80.53 and its 200-day simple moving average is $73.00. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. During the same quarter last year, the firm posted $1.15 earnings per share. Performance Food Group’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Performance Food Group will post 4.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, August 15th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group upped their target price on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial boosted their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Guggenheim lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.27.

Insider Buying and Selling

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. This represents a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. This trade represents a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Performance Food Group Company 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.