Vaughan Nelson Investment Management L.P. Acquires 12,480 Shares of Performance Food Group Company $PFGC

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Performance Food Group by 2.4%, acquiring an additional 12,480 shares, bringing its total ownership to approximately 0.34%, valued at $46.94 million.
• Insider trading activity saw notable sales, with insider Donald S. Bulmer selling 4,348 shares for over $437,000, representing a 6.92% decrease in his position.
• Performance Food Group recently reported a quarterly revenue of $16.94 billion, exceeding analyst expectations, alongside earnings per share (EPS) of $1.55, which beat estimates by $0.10.

Vaughan Nelson Investment Management L.P. increased its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 536,626 shares of the food distribution company's stock after acquiring an additional 12,480 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.34% of Performance Food Group worth $46,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spirepoint Private Client LLC increased its stake in Performance Food Group by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company's stock valued at $619,000 after purchasing an additional 184 shares in the last quarter. CWM LLC boosted its holdings in Performance Food Group by 8.6% in the first quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock worth $183,000 after acquiring an additional 185 shares in the last quarter. QRG Capital Management Inc. grew its stake in Performance Food Group by 4.7% in the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock valued at $366,000 after acquiring an additional 208 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Performance Food Group by 6.9% during the first quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock valued at $256,000 after acquiring an additional 209 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Performance Food Group by 8.7% during the first quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company's stock valued at $222,000 after acquiring an additional 227 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Insider Activity

In other Performance Food Group news, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider owned 58,526 shares of the company's stock, valued at $5,883,033.52. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total transaction of $918,259.36. Following the transaction, the insider directly owned 66,540 shares in the company, valued at approximately $6,687,935.40. This represents a 12.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,968 shares of company stock worth $5,944,596 in the last quarter. 2.80% of the stock is owned by corporate insiders.

Performance Food Group Price Performance

PFGC stock opened at $102.62 on Friday. The company has a market capitalization of $16.06 billion, a P/E ratio of 47.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. The business has a 50-day simple moving average of $102.21 and a two-hundred day simple moving average of $90.76.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $16.85 billion. During the same quarter in the previous year, the business earned $1.45 EPS. 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. Research analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Saturday. Truist Financial boosted their price objective on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, August 14th. 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 report on Thursday, August 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Performance Food Group in a report on Saturday, September 27th. Finally, Morgan Stanley lifted their price target on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $111.00.

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.

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