American Century Companies Inc. Has $4.72 Million Position in Performance Food Group Company $PFGC

Key Points

• American Century Companies Inc. has reduced its holdings in Performance Food Group Company by 68.9%, now owning 59,994 shares valued at approximately $4.7 million after selling 133,151 shares in the first quarter.
• Competitive hedge funds have increased their stakes, with Victory Capital Management growing its position by 59.3% to 6.2 million shares worth $489.8 million.
• Performance Food Group reported a quarterly EPS of $1.55, exceeding analysts' expectations of $1.45, with a year-over-year revenue increase of 11.2%.

American Century Companies Inc. cut its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 68.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,994 shares of the food distribution company's stock after selling 133,151 shares during the quarter. American Century Companies Inc.'s holdings in Performance Food Group were worth $4,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of Performance Food Group by 746.2% in the 1st quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company's stock valued at $879,000 after purchasing an additional 9,857 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Performance Food Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company's stock worth $174,647,000 after buying an additional 137,998 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Performance Food Group by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,282,070 shares of the food distribution company's stock worth $100,809,000 after acquiring an additional 60,745 shares in the last quarter. Boston Partners raised its position in shares of Performance Food Group by 39.0% in the 1st quarter. Boston Partners now owns 108,933 shares of the food distribution company's stock valued at $8,565,000 after purchasing an additional 30,578 shares in the last quarter. Finally, Nuveen LLC bought a new position in Performance Food Group during the 1st quarter valued at $69,456,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. UBS Group increased their price target on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Truist Financial raised their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Barclays lifted their target price on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $90.00 to $114.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.67.

Performance Food Group Stock Down 1.3%

Shares of PFGC stock traded down $1.32 on Wednesday, hitting $103.86. The company's stock had a trading volume of 614,461 shares, compared to its average volume of 1,350,681. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 47.85, a P/E/G ratio of 1.15 and a beta of 1.10. The firm's fifty day moving average price is $96.86 and its 200-day moving average price is $87.03. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $105.29. 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 (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 business had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period last year, the business earned $1.45 EPS. The firm's revenue 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. Research analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Insiders Place Their Bets

In other Performance Food Group news, insider Erika T. Davis sold 4,316 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $433,844.32. Following the completion of the sale, the insider directly owned 55,373 shares of the company's stock, valued at $5,566,093.96. This represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald S. Bulmer sold 4,348 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the sale, the insider owned 58,526 shares of the company's stock, valued at approximately $5,883,033.52. The trade was a 6.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,534 shares of company stock valued at $4,322,796. Company insiders own 2.80% of the company's stock.

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.