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

Primecap Management Co. CA boosted its stake in shares of Performance Food Group Company (NYSE:PFGC) by 22.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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’s holdings in Performance Food Group were worth $224,930,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. CWM LLC grew its holdings in Performance Food Group by 8.6% during the first quarter. CWM LLC now owns 2,332 shares of the food distribution company’s stock worth $183,000 after acquiring an additional 185 shares during the period. Signaturefd LLC boosted its holdings in shares of Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Performance Food Group during the first quarter valued at approximately $5,952,000. Close Asset Management Ltd boosted its stake in shares of Performance Food Group by 6.5% during the 1st quarter. Close Asset Management Ltd now owns 1,763,275 shares of the food distribution company’s stock valued at $138,690,000 after buying an additional 108,342 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Performance Food Group by 2.6% in the first quarter. Assetmark Inc. now owns 67,668 shares of the food distribution company’s stock worth $5,321,000 after acquiring an additional 1,697 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

PFGC opened at $94.55 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average price is $100.96 and its two-hundred day moving average price is $95.90. The firm has a market capitalization of $14.83 billion, a P/E ratio of 43.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $17.08 billion for 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%. Performance Food Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PFGC. Wells Fargo & Company raised their price target 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. Piper Sandler lifted their target price on shares of Performance Food Group from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.60.

Insider Activity at Performance Food Group

In related news, insider Erika T. Davis sold 4,100 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,889,597.46. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald S. Bulmer sold 1,352 shares of Performance Food Group stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $101.66, for a total value of $137,444.32. Following the sale, the insider directly owned 55,102 shares in the company, valued at approximately $5,601,669.32. This trade represents a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,011 shares of company stock worth $2,290,120. 4.50% of the stock is owned by company insiders.

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.