Performance Food Group Company $PFGC Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Performance Food Group Company (NYSE:PFGC) by 0.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,698,976 shares of the food distribution company’s stock after selling 8,015 shares during the period. Geode Capital Management LLC’s holdings in Performance Food Group were worth $236,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Performance Food Group by 12.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,784 shares of the food distribution company’s stock valued at $943,000 after purchasing an additional 1,205 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Performance Food Group by 40.8% during the second quarter. CENTRAL TRUST Co now owns 690 shares of the food distribution company’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Performance Food Group during the second quarter worth $225,000. Allworth Financial LP lifted its holdings in shares of Performance Food Group by 247.0% during the second quarter. Allworth Financial LP now owns 2,030 shares of the food distribution company’s stock worth $178,000 after purchasing an additional 1,445 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in Performance Food Group by 30.3% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 68,434 shares of the food distribution company’s stock valued at $5,986,000 after buying an additional 15,894 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Trading Down 0.3%

Shares of PFGC opened at $95.09 on Monday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. 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 firm has a market capitalization of $14.91 billion, a P/E ratio of 43.82, a PEG ratio of 1.11 and a beta of 1.08. The firm’s 50-day moving average is $101.38 and its two-hundred day moving average is $95.73.

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

Insider Transactions at Performance Food Group

In other news, insider A Brent King sold 9,136 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total value of $918,259.36. Following the completion of the transaction, the insider owned 66,540 shares in the company, valued at $6,687,935.40. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald S. Bulmer sold 4,348 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the sale, the insider owned 58,526 shares in the company, valued at $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 42,768 shares of company stock valued at $4,373,921. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PFGC. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Thursday. Truist Financial raised 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 report on Thursday, August 14th. Wall Street Zen cut Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Wells Fargo & Company increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.60.

Performance Food Group Company 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.