Performance Food Group Company $PFGC Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stakes in Performance Food Group Company by 6.6% during the first quarter, owning approximately 1.42% of the company valued at about $174.6 million.
• Performance Food Group's latest quarterly earnings showed an EPS of $1.55, surpassing analysts' expectations of $1.45, and a revenue increase of 11.2% year-over-year.
• Several analysts raised their price targets for PFGC, with UBS Group setting a new target of $120.00, indicating strong confidence in the stock's future performance.

Dimensional Fund Advisors LP boosted its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,221,430 shares of the food distribution company's stock after acquiring an additional 137,998 shares during the period. Dimensional Fund Advisors LP owned about 1.42% of Performance Food Group worth $174,647,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Boston Partners lifted its holdings in shares of Performance Food Group by 39.0% in the 1st quarter. Boston Partners now owns 108,933 shares of the food distribution company's stock valued at $8,565,000 after purchasing an additional 30,578 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Performance Food Group during the first quarter worth approximately $44,000. Russell Investments Group Ltd. increased its position in Performance Food Group by 101.0% during the first quarter. Russell Investments Group Ltd. now owns 101,586 shares of the food distribution company's stock worth $7,987,000 after buying an additional 51,038 shares during the period. HighTower Advisors LLC lifted its stake in Performance Food Group by 2.7% in the first quarter. HighTower Advisors LLC now owns 9,291 shares of the food distribution company's stock valued at $731,000 after buying an additional 244 shares during the last quarter. Finally, Motley Fool Asset Management LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $1,163,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of NYSE:PFGC traded down $0.1860 during midday trading on Monday, hitting $101.7240. The stock had a trading volume of 2,054,448 shares, compared to its average volume of 1,935,129. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $103.50. 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 stock has a 50 day moving average price of $94.95 and a two-hundred day moving average price of $86.37. The company has a market capitalization of $15.92 billion, a PE ratio of 46.88, a P/E/G ratio of 1.15 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.85 billion. During the same quarter last year, the firm earned $1.45 earnings per share. 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, equities analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the insider owned 35,239 shares of the company's stock, valued at approximately $3,347,705. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald S. Bulmer sold 4,348 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the sale, the insider owned 58,526 shares in the company, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,531 shares of company stock valued at $6,749,551 in the last three months. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PFGC shares. Barclays lifted their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" 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 report on Sunday, July 6th. Truist Financial increased their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. UBS Group boosted their price target on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Finally, Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and an average target price of $106.00.

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.