SVB Wealth LLC Purchases Shares of 750 Performance Food Group Company $PFGC

SVB Wealth LLC purchased a new stake in Performance Food Group Company (NYSE:PFGC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 750 shares of the food distribution company’s stock, valued at approximately $59,000.

Other hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co grew its stake in Performance Food Group by 476.5% in the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Performance Food Group by 203.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after buying an additional 334 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $44,000. Signaturefd LLC lifted its position in shares of Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock valued at $65,000 after buying an additional 314 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock valued at $71,000 after buying an additional 707 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PFGC shares. Citigroup started coverage on Performance Food Group in a research report on Thursday, May 22nd. They issued a “buy” rating and a $121.00 price objective for the company. Truist Financial raised their price objective on Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the company an “overweight” rating in a research report on Thursday, May 29th. Wall Street Zen cut Performance Food Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, UBS Group raised their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.67.

Performance Food Group Stock Performance

NYSE:PFGC opened at $101.11 on Wednesday. The stock has a market cap of $15.83 billion, a P/E ratio of 46.60, a PEG ratio of 1.15 and a beta of 1.20. The stock has a 50 day simple moving average of $95.25 and a 200 day simple moving average of $86.47. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $103.50.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling

In other Performance Food Group news, insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the completion of the transaction, the insider directly owned 46,722 shares of the company’s stock, valued at $4,191,897.84. The trade was a 14.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction on 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 directly owned 58,526 shares of the company’s stock, valued at $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,419 shares of company stock valued at $6,170,538 over the last 90 days. 2.80% of the stock is currently owned by insiders.

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.