Thompson Investment Management Inc. Sells 9,541 Shares of Performance Food Group Company $PFGC

Key Points

• Thompson Investment Management Inc. reduced its stake in Performance Food Group by 8.3%, selling 9,541 shares to hold 105,043, representing 1.3% of its portfolio.
• Performance Food Group's stock currently has an average rating of "Moderate Buy" with a price target of $111.00 from analysts, despite some firms lowering their ratings.
• In its last earnings report, Performance Food Group reported an EPS of $1.55, exceeding expectations, with revenue up 11.2% year-over-year, totaling $16.94 billion.

Thompson Investment Management Inc. lessened its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,043 shares of the food distribution company's stock after selling 9,541 shares during the period. Performance Food Group accounts for 1.3% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 24th largest position. Thompson Investment Management Inc. owned about 0.07% of Performance Food Group worth $9,188,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co lifted its holdings 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 worth $39,000 after purchasing an additional 405 shares in the last quarter. 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 valued at $40,000 after acquiring an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Performance Food Group during the 1st quarter valued at about $44,000. SVB Wealth LLC bought a new position in shares of Performance Food Group in the first quarter worth approximately $59,000. Finally, Signaturefd LLC raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PFGC shares. Guggenheim reissued a "buy" rating and issued a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Performance Food Group in a research note on Wednesday. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $90.00 to $114.00 in a report on Tuesday, September 2nd. Finally, UBS Group boosted their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. One investment 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $111.00.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $100.37 on Friday. The stock has a market capitalization of $15.71 billion, a P/E ratio of 46.25, a P/E/G ratio of 1.13 and a beta of 1.09. The company's 50-day moving average is $102.23 and its 200 day moving average is $91.41. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $109.05. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating 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 business had revenue of $16.94 billion during the quarter, compared to analyst estimates of $16.85 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company's revenue for the quarter 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. On average, sell-side analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Activity

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the business'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 transaction, the insider directly owned 47,655 shares of the company's stock, valued at $5,007,110.85. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erika T. Davis sold 4,100 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $430,746.00. Following the sale, the insider owned 46,541 shares of the company's stock, valued at approximately $4,889,597.46. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,103 shares of company stock valued at $5,007,421. Company insiders own 2.80% of the company's stock.

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.

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