Woodline Partners LP Purchases Shares of 254,736 Performance Food Group Company $PFGC

Key Points

• Woodline Partners LP acquired 254,736 shares of Performance Food Group Company, valued at approximately $20 million, representing 0.16% ownership of the company.
• Performance Food Group recently reported a quarterly EPS of $1.55, exceeding analysts' expectations, with revenue rising by 11.2% year-over-year to $16.94 billion.
• Insider transactions showed a decrease in ownership for key executives, with over 58,968 shares sold totaling around $5.9 million in the last ninety days.

Woodline Partners LP purchased a new position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 254,736 shares of the food distribution company's stock, valued at approximately $20,030,000. Woodline Partners LP owned about 0.16% of Performance Food Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFGC. CENTRAL TRUST Co grew its holdings in shares of Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Performance Food Group in the 1st quarter valued at approximately $44,000. SVB Wealth LLC purchased a new stake in Performance Food Group in the 1st quarter valued at approximately $59,000. Finally, Signaturefd LLC boosted its holdings in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

Shares of PFGC stock traded up $0.90 during midday trading on Tuesday, reaching $104.95. 887,463 shares of the company traded hands, compared to its average volume of 1,359,406. The firm's 50 day simple moving average is $99.96 and its two-hundred day simple moving average is $88.35. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $107.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. The firm has a market cap of $16.43 billion, a PE ratio of 48.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The company 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 firm earned $1.45 EPS. The company's revenue for the quarter was up 11.2% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total transaction of $918,259.36. Following the completion of the transaction, the insider directly owned 66,540 shares in the company, valued at $6,687,935.40. The trade was a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider owned 47,655 shares of the company's stock, valued at $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,968 shares of company stock valued at $5,944,596. 2.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PFGC shares. Piper Sandler raised Performance Food Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $90.00 to $114.00 in a report on Tuesday, September 2nd. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a report on Tuesday, August 26th. Morgan Stanley lifted their price objective on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. UBS Group lifted their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Citigroup initiated coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.67.

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.