Performance Food Group Company $PFGC Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its holdings in Performance Food Group Company by 16.0% in Q2, acquiring an additional 3,066 shares, bringing its total ownership to 22,203 shares valued at $1,942,000.
• The company's stock has seen a 2.4% decline, with its current trading price at $105.48, and it has a 52-week high of $109.05.
• Performance Food Group reported Q2 earnings of $1.55 per share, surpassing the consensus estimate of $1.45, with revenue up 11.2% year-over-year at $16.94 billion.

CX Institutional raised its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 16.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,203 shares of the food distribution company's stock after purchasing an additional 3,066 shares during the quarter. CX Institutional's holdings in Performance Food Group were worth $1,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC raised its position 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Performance Food Group by 6.6% in 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 last quarter. Coppell Advisory Solutions LLC increased its holdings in Performance Food Group by 10,786.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 9,036 shares of the food distribution company's stock worth $711,000 after purchasing an additional 8,953 shares during the last quarter. Vident Advisory LLC bought a new stake in Performance Food Group during the 1st quarter valued at $462,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Performance Food Group by 5.0% during 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 purchasing an additional 60,745 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

PFGC has been the subject of a number of recent research reports. Piper Sandler raised Performance Food Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $90.00 to $114.00 in a report on Tuesday, September 2nd. UBS Group boosted their price objective on shares of 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 lifted 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. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Barclays raised their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.67.

Performance Food Group Trading Down 2.4%

Shares of NYSE PFGC traded down $2.56 on Friday, reaching $105.48. 3,379,007 shares of the company traded hands, compared to its average volume of 1,677,946. The stock has a market capitalization of $16.51 billion, a PE ratio of 48.61, a P/E/G 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. The company has a 50 day moving average of $101.22 and a 200 day moving average of $89.06. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share 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 company had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. During the same quarter in the previous year, the business posted $1.45 EPS. The business's revenue for the quarter 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. On average, equities research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In related news, insider Erika T. Davis sold 4,100 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $430,746.00. Following the transaction, the insider owned 46,541 shares in the company, valued at $4,889,597.46. The trade was a 8.10% 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 1,308 shares of the stock in a transaction on Wednesday, August 27th. The shares were 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 $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. Over the last quarter, insiders have sold 58,968 shares of company stock worth $5,944,596. 2.80% of the stock is currently owned by insiders.

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.