Performance Food Group Company $PFGC Shares Sold by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers sold 25,398 shares of Performance Food Group, reducing its holdings by 78.2% in the first quarter, leaving it with 7,063 shares valued at $555,000.
• Performance Food Group's stock is currently down 2.7% and has reported a revenue increase of 11.2% year-over-year, culminating in a quarterly revenue of $16.94 billion.
• Analysts have a consensus target price of $106.00 for Performance Food Group, with a majority rating it as a "Moderate Buy." Several firms recently upgraded their price targets on the stock.

Cetera Investment Advisers trimmed its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,063 shares of the food distribution company's stock after selling 25,398 shares during the period. Cetera Investment Advisers' holdings in Performance Food Group were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in shares of Performance Food Group by 0.7% in the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock valued at $1,849,809,000 after buying an additional 157,987 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Performance Food Group by 59.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock valued at $489,800,000 after buying an additional 2,318,763 shares in the last quarter. Eminence Capital LP raised its position in shares of Performance Food Group by 3.2% in the 4th quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company's stock valued at $218,086,000 after purchasing an additional 79,591 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Performance Food Group by 30.9% in the 4th quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company's stock valued at $178,506,000 after purchasing an additional 498,554 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its position in shares of Performance Food Group by 13.9% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 2,084,157 shares of the food distribution company's stock valued at $176,215,000 after purchasing an additional 253,600 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $89.72, for a total value of $735,704.00. Following the sale, the insider owned 46,722 shares in the company, valued at $4,191,897.84. This trade represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald S. Bulmer sold 2,404 shares of Performance Food Group stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the completion of the sale, the insider owned 51,350 shares in the company, valued at approximately $4,621,500. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,059 shares of company stock valued at $5,861,405. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. UBS Group increased their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Citigroup assumed coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.00.

Performance Food Group Stock Performance

Shares of NYSE:PFGC traded up $0.7750 during trading on Wednesday, hitting $100.0950. 342,408 shares of the stock traded hands, compared to its average volume of 1,343,712. 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 company has a market cap of $15.67 billion, a price-to-earnings ratio of 46.14, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a fifty day moving average price of $93.82 and a two-hundred day moving average price of $86.02. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $103.50.

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

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.