Vestmark Advisory Solutions Inc. Invests $648,000 in Performance Food Group Company $PFGC

Vestmark Advisory Solutions Inc. purchased a new position in Performance Food Group Company (NYSE:PFGC) during the second quarter, Holdings Channel reports. The firm purchased 7,406 shares of the food distribution company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds have also bought and sold shares of PFGC. Victory Capital Management Inc. increased its holdings in Performance Food Group by 59.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock valued at $489,800,000 after buying an additional 2,318,763 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after acquiring an additional 1,503,703 shares during the period. Nuveen LLC acquired a new stake in shares of Performance Food Group during the 1st quarter worth approximately $69,456,000. Bain Capital Public Equity Management II LLC boosted its position in shares of Performance Food Group by 14.1% during the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock worth $186,982,000 after acquiring an additional 293,837 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Performance Food Group in the first quarter valued at approximately $20,030,000. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In related news, insider Donald S. Bulmer sold 1,308 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Erika T. Davis sold 4,100 shares of the stock in a transaction on 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 of the company’s stock, valued at $4,889,597.46. The trade was a 8.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,768 shares of company stock valued at $4,373,921. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Sanford C. Bernstein assumed coverage on Performance Food Group in a report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target for the company. Truist Financial upped their price objective on Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Barclays lifted their target price on Performance Food Group from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Piper Sandler increased their target price on shares of Performance Food Group from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus target price of $114.60.

Performance Food Group Price Performance

Shares of PFGC opened at $96.77 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 has a market cap of $15.17 billion, a PE ratio of 44.59, a PEG 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. The business has a 50-day simple moving average of $101.93 and a two-hundred day simple moving average of $95.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same period last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts anticipate that Performance Food Group Company will post 4.58 earnings per share 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.