Performance Food Group Company $PFGC Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA lifted its stake in shares of Performance Food Group Company (NYSE:PFGC) by 22.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,571,507 shares of the food distribution company’s stock after purchasing an additional 465,807 shares during the quarter. Primecap Management Co. CA owned about 1.65% of Performance Food Group worth $224,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after buying an additional 1,503,703 shares during the period. Wellington Management Group LLP grew its holdings in shares of Performance Food Group by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company’s stock worth $311,899,000 after acquiring an additional 57,032 shares during the period. Bain Capital Public Equity Management II LLC increased its stake in Performance Food Group by 14.1% in the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock valued at $186,982,000 after purchasing an additional 293,837 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Performance Food Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company’s stock worth $174,647,000 after purchasing an additional 137,998 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Performance Food Group by 10.2% during the second quarter. Jennison Associates LLC now owns 1,860,048 shares of the food distribution company’s stock worth $162,698,000 after purchasing an additional 171,957 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $94.55 on Wednesday. The company has a market cap of $14.83 billion, a P/E ratio of 43.57, a P/E/G ratio of 1.11 and a beta of 1.08. The business has a fifty day simple moving average of $100.96 and a 200-day simple moving average of $95.90. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same period last year, the company earned $1.16 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In other news, insider Erika T. Davis sold 4,100 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $430,746.00. Following the completion of the sale, the insider owned 46,541 shares of the company’s stock, valued at $4,889,597.46. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider owned 47,655 shares in the company, valued at $5,007,110.85. The trade was a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,011 shares of company stock valued at $2,290,120 in the last ninety days. 4.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on PFGC. UBS Group lifted 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 cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Wells Fargo & Company increased 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 report on Wednesday, August 13th. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. Finally, Sanford C. Bernstein assumed coverage on Performance Food Group in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.60.

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.