Seneca House Advisors Sells 26,796 Shares of Performance Food Group Company $PFGC

Key Points

• Seneca House Advisors sold 26,796 shares of Performance Food Group Company, reducing its position by 38.4%, leaving it with 42,997 shares valued at approximately $3.76 million.
• Insiders at Performance Food Group have sold a total of 58,968 shares over the last 90 days, indicating a trend of decreasing ownership among company executives.
• Performance Food Group reported earnings of $1.55 per share for the last quarter, exceeding analysts' estimates, with revenue of $16.94 billion, up 11.2% year-over-year.

Seneca House Advisors lessened its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 38.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,997 shares of the food distribution company's stock after selling 26,796 shares during the quarter. Performance Food Group comprises approximately 1.6% of Seneca House Advisors' holdings, making the stock its 19th largest position. Seneca House Advisors' holdings in Performance Food Group were worth $3,761,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its stake in Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after purchasing an additional 405 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Performance Food Group by 203.7% in 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 acquired a new position in shares of Performance Food Group in the 1st quarter worth approximately $44,000. SVB Wealth LLC acquired a new stake in Performance Food Group during the 1st quarter valued at $59,000. Finally, Signaturefd LLC increased its holdings in Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PFGC. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Barclays lifted their price target on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Truist Financial lifted their target price on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen upgraded Performance Food Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, 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 report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average target price of $109.67.

Insider Activity at Performance Food Group

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the sale, the insider owned 47,655 shares in the company, valued at $5,007,110.85. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider A Brent King sold 6,334 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following the sale, the insider owned 62,852 shares of the company's stock, valued at approximately $6,605,745.20. The trade was a 9.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,968 shares of company stock worth $5,944,596. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Down 2.4%

Shares of PFGC traded down $2.56 on Friday, reaching $105.48. The company's stock had a trading volume of 3,379,007 shares, compared to its average volume of 1,559,625. 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. The stock has a market capitalization of $16.51 billion, a PE ratio of 48.61, a PEG ratio of 1.19 and a beta of 1.10. The firm has a fifty day moving average of $101.22 and a 200-day moving average of $88.99.

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. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

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.