Apollon Wealth Management LLC Invests $271,000 in Performance Food Group Company $PFGC

Key Points

• Apollon Wealth Management LLC has invested approximately $271,000 in Performance Food Group Company, acquiring 3,094 shares of the stock during the second quarter.
• Performance Food Group has received several positive adjustments from analysts, with Truist Financial raising its price target from $101 to $118 and maintaining a "buy" rating.
• Despite recent insider sales totaling over $4 million, institutional investors hold a significant 96.87% stake in Performance Food Group, indicating strong institutional confidence in the company.

Apollon Wealth Management LLC acquired a new stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,094 shares of the food distribution company's stock, valued at approximately $271,000.

Other large investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC purchased a new stake in Performance Food Group in the 2nd quarter worth approximately $354,000. Triasima Portfolio Management inc. purchased a new stake in shares of Performance Food Group during the second quarter worth $248,000. RMG Wealth Management LLC acquired a new stake in Performance Food Group during the second quarter valued at $175,000. Valeo Financial Advisors LLC grew its stake in Performance Food Group by 7.7% in the second quarter. Valeo Financial Advisors LLC now owns 3,510 shares of the food distribution company's stock valued at $307,000 after purchasing an additional 250 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in Performance Food Group by 8.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 5,671 shares of the food distribution company's stock worth $496,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PFGC shares. Truist Financial lifted their price target on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Piper Sandler raised shares of Performance Food Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Morgan Stanley raised 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 report on Monday, July 14th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Performance Food Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

Insider Activity at Performance Food Group

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the transaction, the insider owned 47,655 shares of the company's stock, valued at approximately $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 SEC, which is available through this hyperlink. Also, insider A Brent King sold 6,334 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following 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 three months, insiders have sold 42,768 shares of company stock worth $4,373,921. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Performance

NYSE:PFGC opened at $101.23 on Friday. The firm has a market capitalization of $15.87 billion, a PE ratio of 46.65, a PEG ratio of 1.15 and a beta of 1.09. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $109.05. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The firm's fifty day simple moving average is $102.59 and its 200 day simple moving average is $92.47.

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

Performance Food Group Company 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.

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