Invesco Ltd. Has $133.10 Million Stock Position in Performance Food Group Company $PFGC

Key Points

• Invesco Ltd. sold 26,360 shares of Performance Food Group (NYSE:PFGC), trimming its stake by 1.5% to 1,692,715 shares, which are now valued at approximately $133 million.
• Several institutional investors made significant increases in their holdings, with CENTRAL TRUST Co boosting its stake by 476.5% to own 490 shares, reflecting growing confidence in the company.
• Analyst ratings for PFGC show mixed sentiments, with Truist Financial and UBS Group raising target prices to as high as $120, while Wall Street Zen downgraded the stock from "buy" to "hold".

Invesco Ltd. reduced its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,692,715 shares of the food distribution company's stock after selling 26,360 shares during the period. Invesco Ltd. owned 1.08% of Performance Food Group worth $133,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PFGC. CENTRAL TRUST Co lifted its stake in shares of Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after acquiring an additional 334 shares during the period. Signaturefd LLC lifted its stake in shares of Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after acquiring an additional 314 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after acquiring an additional 707 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Performance Food Group by 34,133.3% in the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock worth $81,000 after acquiring an additional 1,024 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the insider owned 35,239 shares in the company, valued at approximately $3,347,705. This represents a 5.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald S. Bulmer sold 2,404 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 51,350 shares in the company, valued at approximately $4,621,500. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,059 shares of company stock worth $5,861,405. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PFGC. Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Barclays increased their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. UBS Group increased their target price on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday. Truist Financial increased 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 note on Thursday, August 14th. Finally, Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.00.

Performance Food Group Trading Up 1.0%

Shares of NYSE:PFGC traded up $1.02 during mid-day trading on Tuesday, hitting $99.79. The stock had a trading volume of 272,493 shares, compared to its average volume of 1,341,647. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The company has a market cap of $15.62 billion, a PE ratio of 45.99, a P/E/G ratio of 1.11 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's 50 day moving average is $93.59 and its 200-day moving average is $85.93.

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 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business 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%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

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.