WCM Investment Management LLC Has $17.11 Million Stock Holdings in Performance Food Group Company $PFGC

Key Points

• WCM Investment Management LLC increased its stake in Performance Food Group by 5.4%, holding approximately 195,641 shares valued at $17.11 million as of the latest SEC filing.
• Performance Food Group's stock performance showed strong earnings, with $1.55 EPS reported for the last quarter, surpassing the consensus estimate of $1.45.
• Several brokerages have adjusted their price targets for Performance Food Group, with Wells Fargo raising their target to $115 and Barclays to $120, reflecting positive sentiment among analysts.

WCM Investment Management LLC grew its position in Performance Food Group Company (NYSE:PFGC - Free Report) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,641 shares of the food distribution company's stock after purchasing an additional 10,022 shares during the period. WCM Investment Management LLC owned about 0.13% of Performance Food Group worth $17,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $301,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $271,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Performance Food Group by 13.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,363 shares of the food distribution company's stock valued at $1,606,000 after purchasing an additional 2,182 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Performance Food Group during the 2nd quarter worth about $271,000. Finally, Callan Family Office LLC acquired a new position in Performance Food Group during the 2nd quarter worth about $354,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $103.62 on Thursday. The stock has a market capitalization of $16.25 billion, a P/E ratio of 47.75, a P/E/G ratio of 1.17 and a beta of 1.09. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $102.45 and a two-hundred day moving average price of $92.09.

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 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 company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PFGC. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Wells Fargo & Company upped their price target on shares of 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 upped their price target on shares of 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 upped their price target on shares of 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, Guggenheim reiterated a "buy" rating and set a $115.00 price target on shares of Performance Food Group in a research report on Tuesday, August 26th. One research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $111.00.

Insider Buying and Selling

In other news, insider Donald S. Bulmer sold 1,308 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $101.56, for a total value of $132,840.48. Following the completion of the sale, the insider directly owned 53,794 shares of the company's stock, valued at $5,463,318.64. This represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider A Brent King sold 6,334 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 62,852 shares of the company's stock, valued at approximately $6,605,745.20. This trade represents a 9.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,768 shares of company stock valued at $4,373,921. Insiders own 2.80% of the company's stock.

Performance Food Group Company 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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