RMG Wealth Management LLC Takes Position in Performance Food Group Company $PFGC

RMG Wealth Management LLC purchased a new position in shares of Performance Food Group Company (NYSE:PFGC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the food distribution company’s stock, valued at approximately $175,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Performance Food Group by 59.3% in the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock worth $489,800,000 after acquiring an additional 2,318,763 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Performance Food Group by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock valued at $407,922,000 after purchasing an additional 1,503,703 shares in the last quarter. Wellington Management Group LLP raised its holdings in Performance Food Group by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company’s stock worth $311,899,000 after purchasing an additional 57,032 shares during the period. Bain Capital Public Equity Management II LLC raised its holdings in Performance Food Group by 14.1% in 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 purchasing an additional 293,837 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Performance Food Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company’s stock worth $174,647,000 after purchasing an additional 137,998 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Performance

PFGC opened at $101.53 on Tuesday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The firm has a market capitalization of $15.89 billion, a PE ratio of 46.79, a PEG ratio of 1.16 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 firm’s 50-day moving average price is $102.25 and its 200 day moving average price is $91.13.

Performance Food Group (NYSE:PFGC) last released its earnings results 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. The business 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%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PFGC. Morgan Stanley raised their price objective on Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Performance Food Group in a research report on Saturday, September 27th. Truist Financial boosted their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wells Fargo & Company upped their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Barclays lifted their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insider Buying and Selling

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the business’s 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 transaction, the insider owned 47,655 shares of the company’s stock, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider A Brent King sold 6,334 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company’s stock, valued at $6,605,745.20. This represents a 9.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,968 shares of company stock valued at $5,944,596 in the last quarter. Corporate insiders own 2.80% of the company’s stock.

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.