Performance Food Group Company $PFGC Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its holdings in Performance Food Group Company (NYSE:PFGC) by 0.2% during the 2nd quarter, Holdings Channel reports. The fund owned 43,900 shares of the food distribution company’s stock after acquiring an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Performance Food Group were worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock valued at $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC boosted its stake in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after purchasing an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Performance Food Group during the 1st quarter valued at $44,000. SVB Wealth LLC bought a new position in Performance Food Group during the 1st quarter valued at $59,000. Finally, Signaturefd LLC boosted its stake in Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock valued at $65,000 after purchasing an additional 314 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Piper Sandler raised Performance Food Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Barclays increased their price target on Performance Food Group from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Morgan Stanley increased their price target on 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. Finally, Guggenheim reiterated a “buy” rating and set a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the sale, the insider owned 47,655 shares in the company, valued at $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald S. Bulmer sold 1,308 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value of $132,840.48. Following the completion of the sale, the insider owned 53,794 shares of the company’s stock, valued at $5,463,318.64. The trade was a 2.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,968 shares of company stock worth $5,944,596 over the last three months. Company insiders own 2.80% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $100.38 on Thursday. Performance Food Group Company has a one year low of $68.39 and a one year high of $109.05. The stock has a fifty day moving average of $102.23 and a 200-day moving average of $91.26. The company has a market capitalization of $15.71 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current fiscal 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.