Strs Ohio Makes New Investment 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 acquired a new stake in Performance Food Group Company (NYSE:PFGC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 95,684 shares of the food distribution company's stock, valued at approximately $7,524,000. Strs Ohio owned approximately 0.06% of Performance Food Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co raised 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 in the last quarter. Farther Finance Advisors LLC boosted its position in 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 purchasing an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Performance Food Group in the 1st quarter worth approximately $44,000. SVB Wealth LLC purchased a new stake in Performance Food Group in the 1st quarter worth approximately $59,000. Finally, Signaturefd LLC raised its stake in shares of Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after buying an additional 314 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Morgan Stanley raised their target price on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Truist Financial raised their price objective 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. Barclays raised their price objective on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company lifted their target price on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Performance Food Group has an average rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Price Performance

PFGC stock opened at $106.05 on Monday. The business has a 50 day moving average price of $99.65 and a 200 day moving average price of $88.22. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 1.19 and a beta of 1.10. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $106.93. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

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 the consensus estimate of $1.45 by $0.10. The firm had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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.

Insiders Place Their Bets

In other Performance Food Group news, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $101.56, for a total transaction of $132,840.48. Following the transaction, the insider owned 53,794 shares of the company's stock, valued at $5,463,318.64. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction that occurred 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 transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,968 shares of company stock worth $5,944,596 in the last three months. 2.80% of the stock is owned by company insiders.

About Performance Food Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.