AQR Capital Management LLC Has $6.87 Million 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 decreased its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,186 shares of the food distribution company's stock after selling 6,646 shares during the period. AQR Capital Management LLC owned 0.06% of Performance Food Group worth $6,866,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Armistice Capital LLC raised its holdings in Performance Food Group by 1.7% during the first quarter. Armistice Capital LLC now owns 325,691 shares of the food distribution company's stock worth $25,609,000 after purchasing an additional 5,547 shares during the last quarter. Junto Capital Management LP boosted its stake in Performance Food Group by 1.1% in the 1st quarter. Junto Capital Management LP now owns 1,420,930 shares of the food distribution company's stock worth $111,728,000 after buying an additional 14,850 shares during the last quarter. Vident Advisory LLC acquired a new position in Performance Food Group during the first quarter worth approximately $462,000. Magnetar Financial LLC purchased a new stake in Performance Food Group during the first quarter valued at about $4,790,000. Finally, Tema Etfs LLC acquired a new stake in Performance Food Group during the 1st quarter worth approximately $1,314,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider A Brent King sold 6,334 shares of the stock in a transaction on 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 owned 62,852 shares in the company, valued at approximately $6,605,745.20. This represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total transaction of $132,840.48. Following the completion of the sale, the insider owned 53,794 shares of the company's stock, valued at approximately $5,463,318.64. The trade was a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,968 shares of company stock worth $5,944,596. 2.80% of the stock is owned by insiders.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded down $0.20 during mid-day trading on Friday, hitting $106.05. The company had a trading volume of 3,044,637 shares, compared to its average volume of 1,414,564. The business's 50-day simple moving average is $99.65 and its 200-day simple moving average is $88.22. The firm has a market cap of $16.60 billion, a P/E ratio of 48.87, a PEG ratio of 1.20 and a beta of 1.10. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $106.93. 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 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $16.85 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company's revenue was up 11.2% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for 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 research report on Wednesday, August 13th. Piper Sandler raised Performance Food Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Barclays increased their price target on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, UBS Group upped their price target on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and a consensus target price of $109.67.

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.