16,706 Shares in Performance Food Group Company $PFGC Bought by Tema Etfs LLC

Key Points

• Tema Etfs LLC invested approximately $1.31 million in Performance Food Group Company by purchasing 16,706 shares during the 1st quarter of the year.
• Performance Food Group's latest earnings report revealed earnings per share of $1.55, exceeding expectations, with revenue of $16.94 billion for the quarter, up 11.2% year-over-year.
• Analysts are optimistic about Performance Food Group, with multiple firms increasing their price targets, including Barclays and Truist Financial, projecting a price target range between $112.00 and $121.00.

Tema Etfs LLC acquired a new position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,706 shares of the food distribution company's stock, valued at approximately $1,314,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PFGC. CENTRAL TRUST Co boosted its position in shares of 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 buying an additional 405 shares during the period. Farther Finance Advisors LLC boosted its position in shares of 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 buying an additional 334 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Performance Food Group during the first quarter worth approximately $44,000. SVB Wealth LLC acquired a new position in shares of Performance Food Group during the first quarter worth approximately $59,000. Finally, Signaturefd LLC boosted its position in shares of Performance Food Group by 60.9% during the first 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PFGC shares. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Citigroup started coverage on Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price for the company. Barclays upped their target price 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. Morgan Stanley upped their target price 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. Finally, UBS Group upped their target price on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and a consensus price target of $107.67.

Insider Activity at Performance Food Group

In other news, insider Erika T. Davis sold 4,316 shares of the business'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 $433,844.32. Following the transaction, the insider directly owned 55,373 shares in the company, valued at $5,566,093.96. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the insider owned 35,239 shares in the company, valued at approximately $3,347,705. This represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,534 shares of company stock valued at $4,322,796. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Up 0.4%

NYSE:PFGC traded up $0.37 during trading hours on Monday, hitting $101.35. 883,420 shares of the stock traded hands, compared to its average volume of 1,955,655. The firm has a 50 day moving average price of $96.21 and a 200 day moving average price of $86.80. 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 fifty-two week low of $68.39 and a fifty-two week high of $103.50. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.15 and a beta of 1.10.

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 (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period in the previous year, the business earned $1.45 EPS. The company's 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. Equities research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

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.