15,673 Shares in Performance Food Group Company $PFGC Acquired by Ethic Inc.

Ethic Inc. acquired a new position in Performance Food Group Company (NYSE:PFGC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,673 shares of the food distribution company’s stock, valued at approximately $1,371,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Performance Food Group in the 2nd quarter worth approximately $666,000. VELA Investment Management LLC boosted its stake in Performance Food Group by 18.7% in the 2nd quarter. VELA Investment Management LLC now owns 55,305 shares of the food distribution company’s stock worth $4,838,000 after purchasing an additional 8,704 shares during the period. WCM Investment Management LLC boosted its stake in Performance Food Group by 5.4% in the 2nd quarter. WCM Investment Management LLC now owns 195,641 shares of the food distribution company’s stock worth $17,113,000 after purchasing an additional 10,022 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Performance Food Group during the 2nd quarter valued at $301,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Performance Food Group during the 2nd quarter valued at $271,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity

In other news, insider Donald S. Bulmer sold 1,308 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total transaction of $132,840.48. Following the completion of the sale, the insider owned 53,794 shares of the company’s stock, valued at approximately $5,463,318.64. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,768 shares of company stock worth $4,373,921. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

PFGC has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective 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. Truist Financial lifted their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Performance Food Group in a research note on Tuesday, August 26th. Finally, Barclays reduced their price objective on shares of Performance Food Group from $120.00 to $118.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.45.

Performance Food Group Stock Performance

NYSE:PFGC opened at $100.25 on Friday. The firm’s 50-day moving average is $102.79 and its 200-day moving average is $93.45. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.13 and a beta of 1.09.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $16.85 billion. During the same period in the previous year, the business earned $1.45 EPS. The firm’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 research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

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.