Moran Wealth Management LLC Sells 5,207 Shares of Performance Food Group Company $PFGC

Moran Wealth Management LLC lessened its stake in shares of Performance Food Group Company (NYSE:PFGC) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,449 shares of the food distribution company’s stock after selling 5,207 shares during the period. Moran Wealth Management LLC’s holdings in Performance Food Group were worth $7,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Spirepoint Private Client LLC boosted its holdings in shares of Performance Food Group by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company’s stock valued at $619,000 after purchasing an additional 184 shares during the last quarter. CWM LLC boosted its holdings in shares of Performance Food Group by 8.6% during the 1st quarter. CWM LLC now owns 2,332 shares of the food distribution company’s stock valued at $183,000 after purchasing an additional 185 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Performance Food Group by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company’s stock valued at $366,000 after purchasing an additional 208 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Performance Food Group by 6.9% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company’s stock valued at $256,000 after purchasing an additional 209 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Performance Food Group by 8.7% during the 1st quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock valued at $222,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Piper Sandler upgraded shares of Performance Food Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Performance Food Group in a research report on Wednesday, October 8th. Morgan Stanley upped 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 report on Monday, July 14th. Finally, Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Performance Food Group in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Insider Activity

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the sale, the insider directly owned 47,655 shares of the company’s stock, valued at $5,007,110.85. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider A Brent King sold 6,334 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the sale, the insider directly owned 62,852 shares in the company, valued at $6,605,745.20. This trade represents a 9.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,103 shares of company stock valued at $5,007,421. Company insiders own 2.80% of the company’s stock.

Performance Food Group Stock Performance

Performance Food Group stock opened at $103.57 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05. The firm has a market capitalization of $16.24 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company’s 50-day moving average is $102.34 and its 200 day moving average is $92.01.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue for the quarter 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. Research analysts forecast that Performance Food Group Company will post 4.58 EPS 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.