Hugh Patrick Hatcher Sells 5,000 Shares of Performance Food Group (NYSE:PFGC) Stock

Key Points

• Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock for a total transaction value of $525,350, representing a 9.50% decrease in his ownership.
• Performance Food Group's stock traded down 1.3%, closing at $103.82, with the company showing strong quarterly earnings that exceeded analysts' expectations.
• Institutional investors hold a significant stake in Performance Food Group, owning 96.87% of the company's stock, with notable increases from firms like Victory Capital Management and JPMorgan Chase & Co.

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction 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 sale, the insider directly owned 47,655 shares of the company's stock, valued at approximately $5,007,110.85. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hugh Patrick Hatcher also recently made the following trade(s):

• On Friday, July 11th, Hugh Patrick Hatcher sold 2,000 shares of Performance Food Group stock. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00.

Performance Food Group Stock Down 1.3%

Shares of NYSE:PFGC traded down $1.37 during midday trading on Wednesday, hitting $103.82. 1,382,688 shares of the company's stock were exchanged, compared to its average volume of 1,355,496. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. The stock has a 50 day moving average price of $96.86 and a 200-day moving average price of $87.03. The company has a market cap of $16.25 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $105.29.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors have recently made changes to their positions in PFGC. Victory Capital Management Inc. increased its holdings in shares of Performance Food Group by 59.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after buying an additional 2,318,763 shares during the last quarter. Norges Bank bought a new position in shares of Performance Food Group during the 2nd quarter valued at $163,954,000. JPMorgan Chase & Co. grew its holdings in shares of Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after purchasing an additional 1,503,703 shares during the last quarter. Junto Capital Management LP grew its holdings in shares of Performance Food Group by 419.9% during the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after purchasing an additional 1,135,641 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Performance Food Group during the 1st quarter valued at $69,456,000. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler upgraded shares of Performance Food Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $90.00 to $114.00 in a research note on Tuesday. Barclays upped their price target on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wells Fargo & Company upped their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Citigroup began coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target on the stock. Finally, Wall Street Zen cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $109.67.

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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