Principal Financial Group Inc. Sells 63,456 Shares of Performance Food Group Company $PFGC

Key Points

• Principal Financial Group trimmed its stake in Performance Food Group by 7.6%, selling 63,456 shares and ending the quarter with 772,785 shares (about 0.49% of the company) valued at roughly $69.5 million.
• Performance Food Group beat the quarter with revenue of $16.29 billion (up ~6.4% y/y) and EPS of $0.80, but the stock fell as investors fret that margin expansion will be slow given a thin net margin (~0.5%) and a high valuation (P/E ~44x).
• Insider Chasity D. Grosh sold 1,843 shares (a 21.8% cut to her holdings), while analysts remain broadly constructive (ten Buys, two Holds, average target ~$119) and institutional investors own about 96.9% of the stock.

Principal Financial Group Inc. cut its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 772,785 shares of the food distribution company's stock after selling 63,456 shares during the period. Principal Financial Group Inc. owned about 0.49% of Performance Food Group worth $69,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Performance Food Group during the third quarter valued at $39,000. Torren Management LLC purchased a new position in Performance Food Group in the fourth quarter worth about $41,000. Eastern Bank bought a new stake in shares of Performance Food Group during the 3rd quarter valued at about $47,000. Parkside Financial Bank & Trust grew its stake in shares of Performance Food Group by 55.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 564 shares of the food distribution company's stock valued at $59,000 after purchasing an additional 201 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock valued at $58,000 after purchasing an additional 537 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Key Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Q3 / Q1 results beat consensus, with revenue up ~6.4% year-over-year and an EPS beat — supports near-term growth narrative and shows share gains. Performance Food Group (PFGC) Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Company commentary and analyst write-ups highlight broad-based growth, infrastructure investments and market share gains — signals potential for sustained volume and long-term margin improvement once investments mature. PFGC Q1 deep dive: Broad-based growth, infrastructure investments, and share gains drive results
• Positive Sentiment: External analyst sentiment appears constructive — several outlets group PFGC among favored consumer‑goods/distribution names, which can support demand for the stock over time. Analysts Are Bullish on These Consumer Goods Stocks: Performance Food Group (PFGC), Molson Coors (TAP)
• Neutral Sentiment: Company updated FY2026 revenue guidance slightly above consensus (roughly $67.7B–$68.0B vs. a ~$67.6B street estimate), but EPS guidance wording/level published in some summaries was unclear — leaves room for interpretation by investors. Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2026 Results
• Neutral Sentiment: Full earnings/management discussion (earnings‑call transcript) is available — investors will focus on commentary about capex cadence, pricing/mix, and margin recovery timing. Performance Food Group Company (PFGC) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction: several reports note the stock fell despite the beat — likely profit‑taking and concern that margin expansion is gradual. Financial ratios (thin net margin ~0.5%, D/E ~1.45) and a relatively high P/E (~42x) make the stock sensitive to slower-than-expected margin progress. Performance Food Group NYSE: PFGC exceeds Q1 CY2026 expectations but stock drops Performance Food Group Trading / Key Metrics

Insider Activity

In other news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the sale, the insider directly owned 6,601 shares of the company's stock, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PFGC. Zacks Research raised shares of Performance Food Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Morgan Stanley reduced their target price on shares of Performance Food Group from $123.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Performance Food Group in a research note on Friday, March 27th. Sanford C. Bernstein restated an "outperform" rating on shares of Performance Food Group in a research note on Thursday, February 5th. Finally, Citigroup raised their target price on Performance Food Group from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.00.

Performance Food Group Stock Down 0.2%

Shares of PFGC stock opened at $92.72 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The company's fifty day moving average price is $88.27 and its 200-day moving average price is $92.46. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.46 and a beta of 0.92.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Sell-side analysts expect that Performance Food Group Company will post 4.59 EPS for the current fiscal year.

About Performance Food Group

Performance Food Group Company NYSE: PFGC is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.

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