Northern Trust Corp Sells 16,505 Shares of Performance Food Group Company $PFGC

Key Points

• Northern Trust Corp reduced its stake in Performance Food Group Company (NYSE:PFGC) by 1.4%, owning 1,201,938 shares valued at approximately $94.5 million after selling 16,505 shares in the first quarter.
• Various institutional investors increased their stakes in Performance Food Group, with Victory Capital Management growing its position by 59.3% and JPMorgan Chase increasing theirs by 40.8% during the same period.
• Performance Food Group recently surpassed analysts' earnings estimates with an EPS of $1.55 for the last quarter, up from $1.45 the previous year, and reported revenue growth of 11.2% year-over-year.

Northern Trust Corp decreased its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,201,938 shares of the food distribution company's stock after selling 16,505 shares during the quarter. Northern Trust Corp owned about 0.77% of Performance Food Group worth $94,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brooklyn Investment Group boosted its holdings in shares of Performance Food Group by 2,676.9% during the 1st quarter. Brooklyn Investment Group now owns 1,805 shares of the food distribution company's stock worth $142,000 after buying an additional 1,740 shares in the last quarter. Algert Global LLC raised its position in shares of Performance Food Group by 76.0% during the first quarter. Algert Global LLC now owns 192,941 shares of the food distribution company's stock worth $15,171,000 after purchasing an additional 83,344 shares during the period. Aberdeen Group plc grew its holdings in shares of Performance Food Group by 15.6% in the first quarter. Aberdeen Group plc now owns 20,461 shares of the food distribution company's stock valued at $1,609,000 after acquiring an additional 2,762 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Performance Food Group by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company's stock valued at $174,647,000 after acquiring an additional 137,998 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Performance Food Group by 39.0% in the first quarter. Boston Partners now owns 108,933 shares of the food distribution company's stock valued at $8,565,000 after acquiring an additional 30,578 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

PFGC traded down $0.35 on Thursday, hitting $101.04. The company's stock had a trading volume of 451,770 shares, compared to its average volume of 1,352,083. The company's 50 day simple moving average is $95.58 and its 200-day simple moving average is $86.58. The firm has a market cap of $15.81 billion, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $103.50. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. Performance Food Group's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Buying and Selling

In related news, insider A Brent King sold 1,320 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $101.66, for a total transaction of $134,191.20. Following the sale, the insider owned 62,852 shares of the company's stock, valued at approximately $6,389,534.32. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald S. Bulmer sold 1,352 shares of Performance Food Group stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $101.66, for a total transaction of $137,444.32. Following the sale, the insider owned 55,102 shares of the company's stock, valued at approximately $5,601,669.32. The trade was a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,353 shares of company stock valued at $4,276,636. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PFGC shares. Morgan Stanley upped their target price 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. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price for the company. Guggenheim reaffirmed a "buy" rating and issued a $115.00 target price on shares of Performance Food Group in a report on Tuesday. Wells Fargo & Company lifted their price target 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, UBS Group lifted their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $107.67.

About Performance Food Group

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.