AQR Capital Management LLC Has $6.87 Million Stock Position in Performance Food Group Company $PFGC

Key Points

• AQR Capital Management LLC reduced its stake in Performance Food Group Company by 6.9%, holding 89,186 shares worth approximately $6.87 million as of the end of the first quarter.
• Institutional investors own about 96.87% of Performance Food Group's stock, with major firms like Ameriprise Financial and Nuveen Asset Management significantly increasing their positions in the fourth quarter.
• Performance Food Group raised its fiscal guidance and reported a quarterly revenue increase of 11.2% year-over-year, along with an EPS of $1.55, exceeding analysts' expectations.

AQR Capital Management LLC trimmed its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,186 shares of the food distribution company's stock after selling 6,646 shares during the quarter. AQR Capital Management LLC owned about 0.06% of Performance Food Group worth $6,866,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp boosted its stake in Performance Food Group by 4.6% during the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after buying an additional 130 shares during the last quarter. CWM LLC lifted its stake in Performance Food Group by 8.6% during the 1st quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock worth $183,000 after acquiring an additional 185 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Performance Food Group by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock worth $366,000 after acquiring an additional 208 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Performance Food Group by 6.9% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock worth $256,000 after acquiring an additional 209 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Performance Food Group by 8.7% during the 1st quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company's stock worth $222,000 after purchasing an additional 227 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Performance Food Group

In other news, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $101.56, for a total value of $132,840.48. Following the transaction, the insider directly owned 53,794 shares in the company, valued at approximately $5,463,318.64. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider A Brent King sold 6,334 shares of Performance Food Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total value of $665,703.40. Following the sale, the insider directly owned 62,852 shares in the company, valued at approximately $6,605,745.20. This trade represents a 9.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,968 shares of company stock valued at $5,944,596 in the last three months. 2.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on PFGC. Truist Financial increased their price objective on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Guggenheim reiterated a "buy" rating and issued a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, UBS Group lifted their price objective on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Stock Up 3.8%

NYSE PFGC traded up $3.94 on Wednesday, hitting $108.68. 3,499,580 shares of the stock traded hands, compared to its average volume of 1,454,452. The stock has a 50-day moving average of $100.66 and a 200 day moving average of $88.60. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a market capitalization of $17.01 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10. 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 (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. During the same period last year, the firm 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. As a group, analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal 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.