Strs Ohio Takes $7.52 Million Position in Performance Food Group Company $PFGC

Key Points

• Strs Ohio has acquired approximately 95,684 shares of Performance Food Group Company, valued at about $7.5 million, increasing its stake in the company to 0.06% as of the latest SEC filing.
• Recent analyst updates include a downgrade by Wall Street Zen from a "buy" to a "hold" rating, while Morgan Stanley and Truist Financial have raised their price targets for the stock to $96.00 and $118.00 respectively.
• Performance Food Group reported a revenue of $16.94 billion for the last quarter, exceeding analyst expectations, with an earnings per share of $1.55, surpassing the consensus estimate by $0.10.

Strs Ohio bought a new stake in Performance Food Group Company (NYSE:PFGC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 95,684 shares of the food distribution company's stock, valued at approximately $7,524,000. Strs Ohio owned about 0.06% of Performance Food Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co grew its position in shares of Performance Food Group by 476.5% in the first 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 last quarter. Farther Finance Advisors LLC grew its position in shares of Performance Food Group by 203.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after purchasing 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 grew 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 purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A Brent King sold 6,334 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total value of $665,703.40. Following the completion of the transaction, the insider owned 62,852 shares of the company's stock, valued at $6,605,745.20. The trade was a 9.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,968 shares of company stock valued at $5,944,596 over the last ninety days. Company insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler raised Performance Food Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Guggenheim reissued a "buy" rating and set a $115.00 price target on shares of Performance Food Group in a research report on Tuesday, August 26th. Wells Fargo & Company increased their price target on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Truist Financial increased their price target on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley increased their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average target price of $109.67.

Performance Food Group Price Performance

NYSE PFGC traded down $2.56 on Friday, hitting $105.48. 3,379,007 shares of the company's stock were exchanged, compared to its average volume of 1,559,625. The stock has a 50-day moving average of $101.22 and a 200-day moving average of $88.94. 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 52 week low of $68.39 and a 52 week high of $109.05. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.22 and a beta of 1.10.

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 for the quarter, topping the consensus estimate of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company's quarterly revenue 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. Analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

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.