Performance Food Group Company $PFGC Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 0.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,145 shares of the food distribution company’s stock after selling 534 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Performance Food Group were worth $4,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PFGC. AlphaQuest LLC increased its position in Performance Food Group by 658.0% during the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after purchasing an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group during the 1st quarter worth approximately $44,000. SVB Wealth LLC acquired a new stake in Performance Food Group during the 1st quarter worth approximately $59,000. Signaturefd LLC increased its position in Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 314 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock worth $71,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 4,316 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total value of $433,844.32. Following the transaction, the insider owned 55,373 shares in the company, valued at $5,566,093.96. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,768 shares of company stock valued at $4,373,921. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. 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. Barclays lowered their price objective on shares of Performance Food Group from $120.00 to $118.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. 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 research report on Thursday, August 14th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.45.

Performance Food Group Stock Performance

Performance Food Group stock opened at $99.86 on Tuesday. The stock has a market cap of $15.66 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 1.13 and a beta of 1.09. 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 stock has a 50 day moving average of $102.81 and a 200-day moving average of $93.71. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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.