Aberdeen Group plc Has $1.61 Million Position in Performance Food Group Company $PFGC

Key Points

• Aberdeen Group plc increased its holdings in Performance Food Group by 15.6%, owning 20,461 shares valued at approximately $1.61 million after acquiring additional shares in the first quarter.
• A significant number of institutional investors, including Dimensional Fund Advisors and Boston Partners, also raised their stakes in Performance Food Group during the same period, reflecting strong institutional interest.
• Performance Food Group reported earnings of $1.55 per share, exceeding analysts' estimates and revealing an 11.2% year-on-year revenue growth of approximately $16.94 billion for the quarter.

Aberdeen Group plc boosted its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,461 shares of the food distribution company's stock after acquiring an additional 2,762 shares during the quarter. Aberdeen Group plc's holdings in Performance Food Group were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. Victory Capital Management Inc. raised its position in Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock valued at $489,800,000 after acquiring an additional 2,318,763 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Performance Food Group by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after purchasing an additional 1,503,703 shares during the period. Junto Capital Management LP raised its position in shares of Performance Food Group by 419.9% in the fourth quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after purchasing an additional 1,135,641 shares during the period. Nuveen LLC bought a new position in shares of Performance Food Group in the first quarter valued at approximately $69,456,000. Finally, Point72 Asset Management L.P. raised its position in shares of Performance Food Group by 30.9% in the fourth quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company's stock valued at $178,506,000 after purchasing an additional 498,554 shares during the period. Institutional investors own 96.87% of the company's stock.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the sale, the insider owned 58,526 shares in the company, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Erika T. Davis sold 4,316 shares of Performance Food Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $433,844.32. Following the sale, the insider owned 55,373 shares in the company, valued at $5,566,093.96. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,531 shares of company stock worth $6,749,551. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded down $0.50 during midday trading on Tuesday, hitting $101.36. The company had a trading volume of 578,973 shares, compared to its average volume of 1,346,847. The business's 50 day simple moving average is $94.95 and its two-hundred day simple moving average is $86.37. The stock has a market cap of $15.87 billion, a PE ratio of 46.75, a P/E/G ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $103.50.

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

Analyst Ratings Changes

A number of research firms have recently commented on PFGC. 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 lifted their price target on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research 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 report on Thursday, August 14th. Morgan Stanley lifted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Guggenheim reissued a "buy" rating and issued a $115.00 price target on shares of Performance Food Group in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $107.67.

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.