7,472 Shares in Performance Food Group Company $PFGC Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,472 shares of the food distribution company’s stock, valued at approximately $835,000.

Other large investors have also modified their holdings of the company. Callan Family Office LLC bought a new position in shares of Performance Food Group during the second quarter valued at approximately $449,000. Allworth Financial LP purchased a new position in Performance Food Group during the 2nd quarter valued at $275,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Performance Food Group during the 2nd quarter valued at $3,218,000. Vise Technologies Inc. bought a new position in Performance Food Group in the 2nd quarter valued at $472,000. Finally, Johnson Financial Group Inc. bought a new position in Performance Food Group in the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of recent analyst reports. Barclays increased their target price on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $133.00 price target on shares of Performance Food Group in a report on Thursday, August 13th. UBS Group decreased their price objective on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 14th. Wells Fargo & Company boosted their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley upped their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and an average target price of $126.90.

Insider Buying and Selling at Performance Food Group

In other news, insider A Brent King sold 1,320 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the completion of the sale, the insider owned 44,216 shares in the company, valued at approximately $4,655,502.64. The trade was a 2.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 1,320 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the sale, the insider directly owned 40,402 shares of the company’s stock, valued at $4,253,926.58. The trade was a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,391 shares of company stock valued at $6,267,460 in the last ninety days. 4.50% of the stock is owned by insiders.

Performance Food Group Trading Down 0.8%

Shares of NYSE PFGC opened at $104.94 on Wednesday. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The firm has a market cap of $16.53 billion, a PE ratio of 45.82, a price-to-earnings-growth ratio of 1.36 and a beta of 0.91. The business has a fifty day simple moving average of $110.14 and a two-hundred day simple moving average of $98.43. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The firm had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.Performance Food Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. Analysts expect that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

More Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal fourth-quarter sales rose 6.4% year over year to $18.03 billion, while total case volume increased 3.5% and organic case volume grew 1.8%. Net income also climbed 23.4% to $162.3 million, suggesting that growth was not driven solely by pricing. Performance Food sales and earnings article
• Positive Sentiment: Analyst sentiment remains favorable. Citigroup raised its price target to $144, Wells Fargo increased its target to $130, and Deutsche Bank reiterated a buy rating at $133. The stock has a consensus “Moderate Buy” rating and an average target of $126.90, well above recent trading levels.
• Positive Sentiment: Institutional ownership remains high at approximately 96.9%. Reported buying and position increases by California State Teachers’ Retirement System, BlackRock, Primecap Management, Norges Bank and Wellington Management could provide longer-term support for PFGC.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Scott… on August 24. The available report does not provide a reason, making the immediate effect on the company’s outlook unclear. Performance Food Group board resignation
• Negative Sentiment: Multiple insiders sold shares during August 20–25. The largest disclosed transactions included Donald S. Bulmer selling 10,535 shares, Erika T. Davis selling 8,008 shares and A. Brent King selling 8,023 shares, followed by additional smaller sales. Although such transactions may reflect personal or compensation-related decisions, the clustered selling reduces insider ownership and may pressure near-term sentiment.
• Negative Sentiment: Product-cost inflation reached approximately 4.7%, raising concerns about how much reported sales growth reflects pricing rather than underlying demand. In addition, the latest quarterly EPS and revenue results narrowly missed consensus estimates, while PFGC trades below its 50-day moving average and at a relatively elevated earnings multiple.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.