Performance Food Group Company $PFGC Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI significantly reduced its stake in Performance Food Group Company, decreasing its holdings by 99.5% to just 699 shares after selling 130,008 shares in the first quarter.
• Several institutional investors have increased their holdings in Performance Food Group, with Fifth Third Bancorp leading the way by boosting its stake by 26.1% during the same period.
• Analysts have mixed ratings on Performance Food Group, with recent reports showing a consensus rating of "Moderate Buy" and an average target price of $106.00.

National Bank of Canada FI decreased its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 99.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 699 shares of the food distribution company's stock after selling 130,008 shares during the period. National Bank of Canada FI's holdings in Performance Food Group were worth $55,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. CenterBook Partners LP boosted its holdings in shares of Performance Food Group by 62.7% in the first quarter. CenterBook Partners LP now owns 37,009 shares of the food distribution company's stock valued at $2,910,000 after purchasing an additional 14,257 shares during the period. Deutsche Bank AG boosted its holdings in shares of Performance Food Group by 1.3% in the first quarter. Deutsche Bank AG now owns 25,771 shares of the food distribution company's stock valued at $2,026,000 after purchasing an additional 332 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Performance Food Group by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,282,070 shares of the food distribution company's stock valued at $100,809,000 after purchasing an additional 60,745 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Performance Food Group by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 9,579 shares of the food distribution company's stock valued at $753,000 after purchasing an additional 1,386 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Performance Food Group by 2.6% in the first quarter. Commerce Bank now owns 91,487 shares of the food distribution company's stock valued at $7,194,000 after purchasing an additional 2,340 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of research reports. Citigroup initiated coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target for the company. Morgan Stanley boosted their price target on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. 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 report on Thursday, August 14th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.00.

Performance Food Group Stock Up 2.1%

Shares of PFGC stock traded up $2.0760 during trading hours on Friday, reaching $101.7960. 1,012,656 shares of the company's stock were exchanged, compared to its average volume of 1,932,121. The stock's 50 day moving average is $94.66 and its 200-day moving average is $86.27. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.13 and a beta of 1.20. 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 Company has a fifty-two week low of $68.39 and a fifty-two week high of $103.50.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. 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 fiscal year.

Insiders Place Their Bets

In other news, insider Donald S. Bulmer sold 4,348 shares of the company'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 transaction, the insider directly owned 58,526 shares of the company's stock, valued at approximately $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the company'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 transaction, the insider directly owned 35,239 shares in the company, valued at approximately $3,347,705. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,531 shares of company stock valued at $6,749,551. Company insiders own 2.80% of the company's stock.

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.