Sagespring Wealth Partners LLC Makes New $271,000 Investment in Performance Food Group Company $PFGC

Key Points

• **Sagespring Wealth Partners LLC** has made a new investment of approximately **$271,000** in **Performance Food Group Company (PFGC)**, acquiring **3,098 shares** during the second quarter.
• Multiple institutional investors have boosted their stakes in Performance Food Group, with **CENTRAL TRUST Co** increasing its position by **476.5%** in the first quarter alone.
• Analysts show a largely **positive outlook** for PFGC, with a consensus rating of **"Moderate Buy"** and a price target averaging **$111.00** following recent endorsements from several investment firms.

Sagespring Wealth Partners LLC bought a new position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,098 shares of the food distribution company's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its position in Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its position in Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after acquiring an additional 334 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Performance Food Group in the first quarter valued at approximately $44,000. SVB Wealth LLC acquired a new position in shares of Performance Food Group in the first quarter valued at approximately $59,000. Finally, Signaturefd LLC raised its position in shares of Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of analyst reports. Guggenheim reissued a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. Morgan Stanley boosted 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 boosted 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. Truist Financial boosted 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. Finally, Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

Performance Food Group Price Performance

Shares of PFGC stock opened at $101.23 on Friday. The company has a market capitalization of $15.87 billion, a PE ratio of 46.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The firm has a fifty day simple moving average of $102.59 and a 200-day simple moving average of $92.47. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05.

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

Insider Activity

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the sale, the insider directly owned 47,655 shares of the company's stock, valued at $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald S. Bulmer sold 4,348 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the sale, the insider directly owned 58,526 shares in the company, valued at $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,768 shares of company stock valued at $4,373,921 over the last ninety days. 2.80% of the stock is owned by company 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.

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