Moody Lynn & Lieberson LLC Invests $1.39 Million in Performance Food Group Company $PFGC

Key Points

• Moody Lynn & Lieberson LLC has invested approximately $1.39 million in Performance Food Group Company by acquiring 15,892 shares during the 2nd quarter.
• Institutional investors collectively own 96.87% of Performance Food Group, with recent significant increases in holdings by firms like Victory Capital Management and JPMorgan Chase.
• Performance Food Group has reported better-than-expected earnings for the last quarter, posting $1.55 EPS against a consensus estimate of $1.45, and showing a revenue growth of 11.2% year-over-year.

Moody Lynn & Lieberson LLC bought a new stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,892 shares of the food distribution company's stock, valued at approximately $1,390,000.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Performance Food Group by 59.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after purchasing an additional 2,318,763 shares during the period. JPMorgan Chase & Co. grew its position in Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock worth $407,922,000 after buying an additional 1,503,703 shares in the last quarter. Nuveen LLC acquired a new stake in Performance Food Group during the first quarter worth about $69,456,000. Assenagon Asset Management S.A. increased its stake in Performance Food Group by 55.2% during 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 acquiring an additional 357,153 shares during the period. Finally, Bain Capital Public Equity Management II LLC raised its holdings in Performance Food Group by 14.1% in the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company's stock valued at $186,982,000 after acquiring an additional 293,837 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $437,060.96. Following the completion of the transaction, the insider directly owned 58,526 shares of the company's stock, valued at $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock worth $5,944,596 in the last three months. Company insiders own 2.80% of the company's stock.

Performance Food Group Trading Up 1.3%

Shares of PFGC stock opened at $104.32 on Monday. The company has a market capitalization of $16.33 billion, a P/E ratio of 48.07, a P/E/G ratio of 1.18 and a beta of 1.10. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $109.05. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $101.78 and a 200 day moving average price of $90.03.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $16.85 billion. During the same quarter last year, the business posted $1.45 earnings per share. 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. Research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PFGC. 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. Wall Street Zen upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Morgan Stanley boosted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Truist Financial lifted their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

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.

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