Junto Capital Management LP Buys 14,850 Shares of Performance Food Group Company $PFGC

Key Points

• Junto Capital Management LP increased its stake in Performance Food Group by 1.1%, owning approximately 1.42 million shares, making it the 8th largest holding in their portfolio.
• Performance Food Group exceeded analysts' earnings expectations with $1.55 EPS for the last quarter, reporting a revenue of $16.94 billion, reflecting an 11.2% year-over-year increase.
• A majority of Performance Food Group's shares, approximately 96.87%, are currently held by institutional investors and hedge funds.

Junto Capital Management LP lifted its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,420,930 shares of the food distribution company's stock after acquiring an additional 14,850 shares during the quarter. Performance Food Group accounts for 2.3% of Junto Capital Management LP's portfolio, making the stock its 8th largest holding. Junto Capital Management LP owned 0.91% of Performance Food Group worth $111,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Performance Food Group by 59.3% in the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock valued at $489,800,000 after purchasing an additional 2,318,763 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Performance Food Group by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after purchasing an additional 1,503,703 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at $69,456,000. Point72 Asset Management L.P. lifted its holdings in shares of Performance Food Group by 30.9% in the fourth 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Performance Food Group by 55.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,003,697 shares of the food distribution company's stock valued at $78,921,000 after purchasing an additional 357,153 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Performance

Shares of NYSE:PFGC traded down $1.37 during midday trading on Wednesday, hitting $103.82. The company's stock had a trading volume of 1,380,135 shares, compared to its average volume of 1,355,481. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 1.15 and a beta of 1.10. The stock's 50 day simple moving average is $96.86 and its 200 day simple moving average is $87.03. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $105.29. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58.

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, beating the consensus estimate of $1.45 by $0.10. The company 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 firm's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PFGC shares. Wells Fargo & Company increased their price objective on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Barclays increased their price objective on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Truist Financial increased their price objective on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Insider Buying and Selling

In related news, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $101.56, for a total transaction of $132,840.48. Following the sale, the insider directly owned 53,794 shares of the company's stock, valued at $5,463,318.64. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A Brent King sold 1,320 shares of Performance Food Group stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $101.66, for a total value of $134,191.20. Following the sale, the insider directly owned 62,852 shares in the company, valued at approximately $6,389,534.32. This trade represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,534 shares of company stock valued at $4,322,796 over the last three months. 2.80% of the stock is owned by corporate insiders.

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.