Vident Advisory LLC Makes New $462,000 Investment in Performance Food Group Company $PFGC

Key Points

• Vident Advisory LLC purchased 5,872 shares of Performance Food Group Company (NYSE:PFGC), valued at approximately $462,000, in its recent 13F filing.
• Institutional investors currently own 96.87% of the company's stock, indicating a strong level of institutional interest in Performance Food Group.
• Performance Food Group reported $1.55 EPS for the last quarter, exceeding analysts' expectations of $1.45, with a year-over-year revenue increase of 11.2%.

Vident Advisory LLC purchased a new stake in Performance Food Group Company (NYSE:PFGC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,872 shares of the food distribution company's stock, valued at approximately $462,000.

A number of other large investors have also made changes to their positions in the stock. Magnetar Financial LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at approximately $4,790,000. Tema Etfs LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at approximately $1,314,000. Earnest Partners LLC grew its stake in shares of Performance Food Group by 4.9% in the 1st quarter. Earnest Partners LLC now owns 802,540 shares of the food distribution company's stock valued at $63,104,000 after buying an additional 37,431 shares during the period. Penn Capital Management Company LLC raised its position in shares of Performance Food Group by 222.6% during the 1st quarter. Penn Capital Management Company LLC now owns 13,249 shares of the food distribution company's stock valued at $1,057,000 after buying an additional 9,142 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of Performance Food Group during the 1st quarter valued at approximately $59,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PFGC has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Barclays increased 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. 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, May 29th. UBS Group increased their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley upped their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.17 on Wednesday, reaching $104.20. The stock had a trading volume of 1,489,296 shares, compared to its average volume of 1,345,362. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $105.80. The business's 50-day moving average price is $98.64 and its 200 day moving average price is $87.70. The stock has a market cap of $16.31 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm'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. As a group, equities analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Activity

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the sale, the insider owned 47,655 shares of the company's stock, valued at $5,007,110.85. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider owned 53,794 shares in the company, valued at approximately $5,463,318.64. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,968 shares of company stock worth $5,944,596 in the last ninety days. 2.80% of the stock is currently owned by insiders.

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.