Performance Food Group Company $PFGC Stake Cut by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in Performance Food Group Company (NYSE:PFGC) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 57,145 shares of the food distribution company’s stock after selling 534 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Performance Food Group were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PFGC. Victory Capital Management Inc. increased its position in 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 buying an additional 2,318,763 shares during the period. JPMorgan Chase & Co. increased its position in Performance Food Group by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after buying an additional 1,503,703 shares during the period. Nuveen LLC acquired a new stake in Performance Food Group in the first quarter worth $69,456,000. Bain Capital Public Equity Management II LLC increased its position in Performance Food Group by 14.1% in the first 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 buying an additional 293,837 shares during the period. Finally, Woodline Partners LP acquired a new stake in Performance Food Group in the first quarter worth $20,030,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Price Performance

NYSE:PFGC opened at $99.86 on Tuesday. The business’s 50-day moving average price is $102.81 and its 200 day moving average price is $93.71. The firm has a market cap of $15.66 billion, a P/E ratio of 46.02, a PEG ratio of 1.13 and a beta of 1.09. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.Performance Food Group’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In related news, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider directly owned 58,526 shares of the company’s stock, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.51, for a total value of $918,259.36. Following the transaction, the insider directly owned 66,540 shares in the company, valued at approximately $6,687,935.40. The trade was a 12.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,768 shares of company stock valued at $4,373,921 in the last three months. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several analyst reports. Barclays dropped their target price on Performance Food Group from $120.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Performance Food Group in a report on Wednesday, October 8th. Morgan Stanley raised their price target 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. Sanford C. Bernstein began coverage on Performance Food Group in a report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Wall Street Zen lowered Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.45.

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.