Coppell Advisory Solutions LLC Acquires 8,953 Shares of Performance Food Group Company $PFGC

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in Performance Food Group Company, growing its holdings by 10,786.7% by acquiring an additional 8,953 shares in the first quarter.
• Several institutional investors have also boosted their positions in Performance Food Group, which is currently 96.87% owned by hedge funds and institutional investors.
• Analysts have issued a range of ratings for Performance Food Group, with a consensus price target of $109.67 and nine analysts giving a "Buy" rating for the stock.

Coppell Advisory Solutions LLC increased its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 10,786.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,036 shares of the food distribution company's stock after acquiring an additional 8,953 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Performance Food Group were worth $711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Performance Food Group by 59.3% in the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock valued at $489,800,000 after buying an additional 2,318,763 shares during the period. JPMorgan Chase & Co. lifted its stake in Performance Food Group by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after buying an additional 1,503,703 shares during the period. Nuveen LLC acquired a new position in Performance Food Group in the first quarter valued at approximately $69,456,000. Point72 Asset Management L.P. lifted its stake in Performance Food Group by 30.9% in the fourth 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 buying an additional 498,554 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Performance Food Group by 55.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,003,697 shares of the food distribution company's stock valued at $78,921,000 after buying an additional 357,153 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PFGC has been the topic of several recent analyst reports. Guggenheim reissued a "buy" rating and issued a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th. Truist Financial boosted their price target on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley upped their target price on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Barclays upped their target price on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and a consensus price target of $109.67.

Performance Food Group Stock Down 0.2%

Performance Food Group stock traded down $0.20 during trading on Friday, hitting $106.05. 3,044,637 shares of the company were exchanged, compared to its average volume of 1,455,476. The business's 50 day moving average is $99.65 and its 200 day moving average is $88.22. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $106.93. The company has a market capitalization of $16.60 billion, a P/E ratio of 48.87, a PEG ratio of 1.19 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 announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. Performance Food Group'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. Analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the sale, the insider owned 47,655 shares in the company, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Erika T. Davis sold 4,100 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $430,746.00. Following the sale, the insider owned 46,541 shares of the company's stock, valued at $4,889,597.46. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,968 shares of company stock worth $5,944,596. 2.80% of the stock is owned by corporate insiders.

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.