Wellington Management Group LLP Purchases 57,032 Shares of Performance Food Group Company $PFGC

Key Points

• Wellington Management Group LLP increased its stake in Performance Food Group Company by 1.5%, owning approximately 3.97 million shares valued at $311.90 million.
• Performance Food Group reported $1.55 EPS for the latest quarter, surpassing expectations, with revenues of $16.94 billion, up 11.2% year-over-year.
• Institutional investors now hold 96.87% of Performance Food Group's stock, indicating strong interest from large financial institutions.

Wellington Management Group LLP grew its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,966,667 shares of the food distribution company's stock after purchasing an additional 57,032 shares during the period. Wellington Management Group LLP owned about 2.54% of Performance Food Group worth $311,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co increased its holdings in shares of Performance Food Group by 476.5% in 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 boosted its stake 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 worth $40,000 after buying an additional 334 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Performance Food Group in the 1st quarter worth $44,000. Signaturefd LLC boosted its stake in shares of Performance Food Group by 60.9% in 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 last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after buying an additional 707 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the insider directly owned 35,239 shares in the company, valued at $3,347,705. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $437,060.96. Following the completion of the transaction, the insider owned 58,526 shares in the company, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,531 shares of company stock valued at $6,749,551 over the last three months. Insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PFGC. UBS Group raised their price target on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Wells Fargo & Company raised their price target on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Barclays raised their price target on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.00.

Performance Food Group Stock Performance

NYSE PFGC traded up $2.0760 on Friday, hitting $101.7960. 1,012,656 shares of the company traded hands, compared to its average volume of 1,932,121. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.13 and a beta of 1.20. 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's 50 day moving average price is $94.66 and its 200-day moving average price is $86.27. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $103.50.

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 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 earnings per share. The business'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 analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

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.