Algert Global LLC Boosts Stake in Performance Food Group Company $PFGC

Key Points

• Algert Global LLC increased its holdings in Performance Food Group by 76.0% during the first quarter, acquiring an additional 83,344 shares for a total of 192,941 shares.
• Performance Food Group reported a net margin of 0.54% and a return on equity of 16.23% in its most recent quarterly earnings, beating analysts' EPS estimates.
• Insider sales of Performance Food Group stock saw a total of 65,059 shares sold over the last ninety days, representing a 2.80% ownership by insiders.

Algert Global LLC increased its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 76.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 192,941 shares of the food distribution company's stock after buying an additional 83,344 shares during the period. Performance Food Group comprises approximately 0.4% of Algert Global LLC's holdings, making the stock its 21st largest position. Algert Global LLC owned 0.12% of Performance Food Group worth $15,171,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Performance Food Group by 59.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock valued at $489,800,000 after purchasing an additional 2,318,763 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Performance Food Group by 40.8% during the 1st 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 last quarter. Junto Capital Management LP boosted its holdings in shares of Performance Food Group by 419.9% during the 4th 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 last quarter. Nuveen LLC bought a new position in shares of Performance Food Group during the 1st quarter valued at about $69,456,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Performance Food Group by 30.9% during the 4th 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 last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Trading Up 1.6%

Shares of NYSE:PFGC traded up $1.5610 during trading on Friday, reaching $101.2810. The company's stock had a trading volume of 242,091 shares, compared to its average volume of 1,342,830. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $103.50. The firm's 50 day simple moving average is $94.35 and its two-hundred day simple moving average is $86.19. The stock has a market capitalization of $15.85 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 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 firm had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. During the same quarter last year, the firm earned $1.45 EPS. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Insider Activity

In related news, insider A Brent King sold 9,136 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total value of $918,259.36. Following the sale, the insider directly owned 66,540 shares of the company's stock, valued at $6,687,935.40. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the sale, the insider directly owned 58,526 shares in the company, valued at $5,883,033.52. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,531 shares of company stock valued at $6,749,551. Company insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PFGC shares. UBS Group increased their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Wells Fargo & Company increased their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, Citigroup initiated coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and an average target price of $106.00.

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.