Deutsche Bank AG Makes New $3.24 Million Investment in Performance Food Group Company $PFGC

Deutsche Bank AG acquired a new stake in Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,959 shares of the food distribution company’s stock, valued at approximately $3,237,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC bought a new position in Performance Food Group during the 2nd quarter valued at $94,236,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Performance Food Group in the second quarter valued at $51,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at $299,000. Global Retirement Partners LLC bought a new position in Performance Food Group during the second quarter valued at about $173,000. Finally, Bank of New York Mellon Corp acquired a new position in Performance Food Group during the second quarter worth about $105,756,000. Institutional investors own 96.87% of the company’s stock.

More Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% year over year to $18.03 billion, with total case volume up 3.5% and organic case volume up 1.8%. Net income rose 23.4% to $162.3 million, indicating that growth was supported by demand as well as pricing. Performance Food sales and earnings article
• Positive Sentiment: Wall Street’s outlook remains constructive, with 11 analysts rating PFGC a Buy and two rating it a Hold. The consensus rating is “Moderate Buy,” with an average price target of $126.90, supported by recent target increases from several firms.
• Neutral Sentiment: Institutional investors own approximately 96.9% of the stock, and several major funds recently increased or initiated positions. This may provide longer-term support, although the reported holdings changes do not necessarily indicate a near-term trading catalyst.
• Neutral Sentiment: A board member recently resigned, but no reason was disclosed. Without additional details, the immediate effect on PFGC’s outlook is unclear. Performance Food Group board resignation
• Negative Sentiment: Several insiders sold shares between August 20 and 25. Notable transactions included Donald S. Bulmer’s sale of 10,535 shares for approximately $1.12 million, alongside additional sales by A. Brent King, Erika T. Davis and Chasity Grosh. The concentrated selling may weigh on sentiment, even though insider sales can reflect personal or compensation-related decisions. Performance Food Group insider sales
• Negative Sentiment: The latest quarter narrowly missed consensus expectations for both EPS and revenue. Product-cost inflation of approximately 4.7% also raises questions about how much sales growth reflects pricing rather than underlying demand. With PFGC trading below its 50-day moving average and at a relatively high earnings multiple, investors may be more sensitive to modest misses.

Insider Transactions at Performance Food Group

In other news, insider A Brent King sold 8,023 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83. Following the completion of the sale, the insider directly owned 47,800 shares of the company’s stock, valued at $4,981,238. This trade represents a 14.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald S. Bulmer sold 10,535 shares of Performance Food Group stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $105.90, for a total value of $1,115,656.50. Following the sale, the insider owned 54,291 shares of the company’s stock, valued at approximately $5,749,416.90. This represents a 16.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 60,391 shares of company stock valued at $6,267,460. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several research reports. TD Cowen reduced their price objective on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company raised their target price on shares of Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Citigroup increased their price objective on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley lifted their target price on Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.90.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $102.50 on Thursday. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $117.47. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. The stock has a market cap of $16.15 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The business has a fifty day simple moving average of $110.12 and a 200-day simple moving average of $98.52.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.