Performance Food Group Company $PFGC Stock Holdings Lowered by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. has decreased its stake in Performance Food Group Company (PFGC) by 2.1%, now owning 172,765 shares valued at approximately $13.6 million.
• Several hedge funds have significantly increased their holdings in PFGC during the first quarter, with CENTRAL TRUST Co raising its position by 476.5%.
• Performance Food Group reported a quarterly earnings per share of $1.55, exceeding analyst expectations, and has a current price target consensus of $107.67.

Corebridge Financial Inc. cut its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,765 shares of the food distribution company's stock after selling 3,763 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Performance Food Group worth $13,585,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PFGC. Stifel Financial Corp raised 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 valued at $248,000 after purchasing an additional 130 shares during the period. Northern Trust Corp boosted its position in Performance Food Group by 16.7% in the 4th quarter. Northern Trust Corp now owns 1,218,443 shares of the food distribution company's stock valued at $103,019,000 after buying an additional 174,300 shares during the last quarter. Masterton Capital Management LP boosted its position in Performance Food Group by 58.2% in the 4th quarter. Masterton Capital Management LP now owns 85,586 shares of the food distribution company's stock valued at $7,236,000 after buying an additional 31,500 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in Performance Food Group in the 4th quarter valued at about $159,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Performance Food Group in the 4th quarter valued at about $167,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. Truist Financial upped 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. Morgan Stanley upped 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. Barclays upped their price objective on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Wells Fargo & Company boosted their target price on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.67.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded up $0.37 during trading hours on Monday, reaching $101.35. The company's stock had a trading volume of 883,420 shares, compared to its average volume of 1,955,655. The company's 50 day simple moving average is $96.50 and its 200 day simple moving average is $86.90. 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 Company has a one year low of $68.39 and a one year high of $103.50. The stock has a market cap of $15.86 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) 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 company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period last year, the firm posted $1.45 EPS. The company'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, analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of the firm'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 transaction, the insider directly owned 35,239 shares in the company, valued at approximately $3,347,705. This trade represents a 5.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Erika T. Davis sold 4,316 shares of the company's 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 owned 55,373 shares of the company's stock, valued at $5,566,093.96. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,534 shares of company stock valued at $4,322,796. Corporate insiders own 2.80% of the company's stock.

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.