Performance Food Group Company $PFGC Stake Lowered by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has decreased its stake in Performance Food Group Company by 14.8%, now owning 169,599 shares valued at approximately $13.3 million.
• Other institutional investors, including SG Americas Securities LLC and Boston Partners, have made significant increases to their positions, with SG Americas increasing their stake by 746.2%.
• Analysts have set new price targets for Performance Food Group, with Wells Fargo & Company raising its target from $100 to $115 and Barclays updating theirs to $120.

Raymond James Financial Inc. decreased its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,599 shares of the food distribution company's stock after selling 29,458 shares during the quarter. Raymond James Financial Inc. owned 0.11% of Performance Food Group worth $13,336,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in Performance Food Group by 476.5% in the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after purchasing an additional 405 shares during the period. Farther Finance Advisors LLC raised its position in shares of Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Performance Food Group during the 1st quarter worth about $44,000. Signaturefd LLC lifted its stake in shares of Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after acquiring an additional 314 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after acquiring an additional 707 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFGC has been the topic of several recent analyst reports. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 target price on the stock. Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. UBS Group boosted their price objective on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Finally, Barclays lifted their target price on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.67.

Performance Food Group Trading Down 1.3%

Shares of NYSE:PFGC traded down $1.32 during mid-day trading on Wednesday, hitting $103.86. The stock had a trading volume of 614,461 shares, compared to its average volume of 1,350,681. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The company has a market cap of $16.26 billion, a PE ratio of 47.85, a P/E/G ratio of 1.15 and a beta of 1.10. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $105.29. The company's 50 day moving average is $96.86 and its 200-day moving average is $87.03.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Buying and Selling

In other Performance Food Group news, insider A Brent King sold 1,320 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $101.66, for a total transaction of $134,191.20. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 1,308 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value of $132,840.48. Following the completion of the transaction, the insider owned 53,794 shares in the company, valued at $5,463,318.64. This represents a 2.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,534 shares of company stock valued at $4,322,796. Corporate insiders own 2.80% of the company's stock.

Performance Food Group 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.