Alliancebernstein L.P. Purchases 9,343 Shares of Performance Food Group Company $PFGC

Key Points

• Alliancebernstein L.P. increased its stake in Performance Food Group Company by 4.2%, owning 231,846 shares valued at approximately $18.23 million.
• Insiders of Performance Food Group have recently sold significant shares, with one insider selling 6,334 shares for over $665,000, representing a 9.16% decrease in their ownership.
• Performance Food Group reported a 12-month revenue increase of 11.2% year-over-year, posting earnings of $1.55 per share, beating estimates, and showing a solid performance outlook.

Alliancebernstein L.P. increased its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,846 shares of the food distribution company's stock after purchasing an additional 9,343 shares during the quarter. Alliancebernstein L.P. owned approximately 0.15% of Performance Food Group worth $18,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFGC. Stifel Financial Corp increased its position in Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after purchasing an additional 130 shares during the period. Ameriprise Financial Inc. increased its position in Performance Food Group by 24.2% in the fourth quarter. Ameriprise Financial Inc. now owns 230,318 shares of the food distribution company's stock worth $19,473,000 after purchasing an additional 44,924 shares during the period. Cetera Investment Advisers increased its position in Performance Food Group by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 32,461 shares of the food distribution company's stock worth $2,745,000 after purchasing an additional 369 shares during the period. Nuveen Asset Management LLC increased its position in Performance Food Group by 61.7% in the fourth quarter. Nuveen Asset Management LLC now owns 888,534 shares of the food distribution company's stock worth $75,126,000 after purchasing an additional 339,024 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Performance Food Group in the fourth quarter worth about $1,795,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total transaction of $918,259.36. Following the transaction, the insider owned 66,540 shares in the company, valued at $6,687,935.40. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider owned 47,655 shares in the company, valued at $5,007,110.85. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,968 shares of company stock worth $5,944,596. Company insiders own 2.80% of the company's stock.

Performance Food Group Trading Down 0.2%

Shares of Performance Food Group stock traded down $0.20 during trading on Friday, hitting $106.05. 3,044,637 shares of the company were exchanged, compared to its average volume of 1,414,564. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $106.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. The firm has a market capitalization of $16.60 billion, a P/E ratio of 48.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The firm's fifty day moving average price is $99.65 and its 200 day moving average price is $88.18.

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 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. During the same quarter in the previous year, the business posted $1.45 EPS. Performance Food Group's revenue for the quarter 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. As a group, sell-side analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PFGC has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. Wells Fargo & Company lifted their price objective on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Truist Financial boosted their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. UBS Group boosted their target price on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Company 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.