Performance Food Group Company $PFGC Shares Acquired by Assetmark Inc.

by · The Cerbat Gem

Assetmark Inc. grew its position in Performance Food Group Company (NYSE:PFGC – Free Report) by 44.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,444 shares of the food distribution company’s stock after purchasing an additional 29,776 shares during the quarter. Assetmark Inc. owned approximately 0.06% of Performance Food Group worth $8,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of Performance Food Group by 658.0% in the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after purchasing an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group in the 1st quarter valued at $44,000. SVB Wealth LLC acquired a new stake in shares of Performance Food Group in the 1st quarter valued at $59,000. Signaturefd LLC raised its holdings in shares of Performance Food Group by 60.9% in 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. Finally, UMB Bank n.a. raised its holdings in shares of Performance Food Group by 42.0% in the 2nd quarter. UMB Bank n.a. now owns 1,660 shares of the food distribution company’s stock valued at $145,000 after purchasing an additional 491 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFGC has been the topic of several research analyst reports. Piper Sandler upgraded shares of Performance Food Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Performance Food Group in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Barclays cut their price target on shares of Performance Food Group from $120.00 to $118.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Morgan Stanley lifted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. One equities 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’s stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.45.

Get Our Latest Stock Report on Performance Food Group

Performance Food Group Trading Down 0.4%

NYSE PFGC opened at $96.71 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The firm has a market cap of $15.17 billion, a PE ratio of 44.57, a P/E/G ratio of 1.11 and a beta of 1.09. Performance Food Group Company has a one year low of $68.39 and a one year high of $109.05. The firm’s fifty day moving average is $102.63 and its two-hundred day moving average is $94.33.

Performance Food Group (NYSE:PFGC – Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. Performance Food Group’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total value of $918,259.36. Following the sale, the insider owned 66,540 shares of the company’s stock, valued at $6,687,935.40. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the sale, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,768 shares of company stock valued at $4,373,921. Company insiders own 4.50% of the company’s stock.

Performance Food Group Profile

(Free Report)

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.

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