Woodline Partners LP Acquires 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 stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CENTRAL TRUST Co raised its position in shares of Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after purchasing an additional 334 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Performance Food Group in the first quarter worth approximately $44,000. SVB Wealth LLC bought a new stake in Performance Food Group in the first quarter worth approximately $59,000. Finally, Signaturefd LLC lifted its stake in Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after buying an additional 314 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.2%

Shares of PFGC stock traded down $0.20 on Friday, hitting $106.05. The stock had a trading volume of 3,044,637 shares, compared to its average volume of 1,414,564. 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 business has a 50 day moving average of $99.65 and a 200 day moving average of $88.18. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $106.93. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In related news, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value of $132,840.48. Following the sale, the insider owned 53,794 shares of the company's stock, valued at approximately $5,463,318.64. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider A Brent King sold 6,334 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total value of $665,703.40. Following the completion of the transaction, the insider owned 62,852 shares in the company, valued at approximately $6,605,745.20. The trade was a 9.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,968 shares of company stock worth $5,944,596. Insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PFGC shares. Barclays raised their price objective on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Truist Financial raised their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. UBS Group lifted their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley upped 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, Wells Fargo & Company raised their target price on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

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.