Russell Investments Group Ltd. Acquires 51,038 Shares of Performance Food Group Company $PFGC

Key Points

• Russell Investments Group Ltd. increased its stake in Performance Food Group by 101% in the first quarter, now owning 101,586 shares valued at approximately $7.99 million.
• Several other institutional investors significantly raised their stakes, with CENTRAL TRUST Co increasing by 476.5%, indicating strong institutional interest in Performance Food Group.
• Performance Food Group reported $1.55 EPS for the quarter, exceeding estimates, and saw revenue growth of 11.2% year-over-year, signaling strong financial performance.

Russell Investments Group Ltd. raised its holdings in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 101.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,586 shares of the food distribution company's stock after buying an additional 51,038 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Performance Food Group worth $7,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in Performance Food Group by 59.3% during 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 buying an additional 2,318,763 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Performance Food Group by 40.8% during the 1st 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 during the period. Eminence Capital LP raised its position in shares of Performance Food Group by 3.2% during 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 period. Point72 Asset Management L.P. raised its position in shares of Performance Food Group by 30.9% during 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 period. Finally, Bain Capital Public Equity Management II LLC raised its position in shares of Performance Food Group by 13.9% during 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 period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on PFGC shares. Morgan Stanley raised their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Truist Financial raised their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. 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 lifted their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Barclays lifted their price target on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $106.00.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded up $2.0760 during trading hours on Friday, reaching $101.7960. The company's stock had a trading volume of 1,012,656 shares, compared to its average volume of 1,932,121. The firm has a 50 day moving average price of $94.66 and a 200-day moving average price of $86.27. Performance Food Group Company has a one year low of $68.39 and a one year high of $103.50. 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 stock has a market cap of $15.93 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.13 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period in the previous year, the firm posted $1.45 EPS. The business's quarterly revenue 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. On average, analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the insider directly owned 35,239 shares in the company, valued at $3,347,705. The trade was a 5.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Erika T. Davis sold 4,316 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $433,844.32. Following the transaction, the insider directly owned 55,373 shares of the company's stock, valued at approximately $5,566,093.96. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,531 shares of company stock valued at $6,749,551. Corporate insiders own 2.80% of the company's stock.

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.