JPMorgan Chase & Co. Has $372.01 Million Stake in Performance Food Group Company $PFGC

JPMorgan Chase & Co. lowered its stake in Performance Food Group Company (NYSE:PFGC) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,253,009 shares of the food distribution company’s stock after selling 934,860 shares during the period. JPMorgan Chase & Co. owned 2.72% of Performance Food Group worth $372,013,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PFGC. Parkside Financial Bank & Trust boosted its position in shares of Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares during the last quarter. AlphaQuest LLC grew its stake in Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after acquiring an additional 329 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Performance Food Group by 148.6% in the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock valued at $46,000 after buying an additional 312 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Performance Food Group in the first quarter valued at about $44,000. Finally, CENTRAL TRUST Co grew its holdings in shares of Performance Food Group by 40.8% in the 2nd quarter. CENTRAL TRUST Co now owns 690 shares of the food distribution company’s stock valued at $60,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Trading Down 2.4%

NYSE PFGC opened at $94.30 on Tuesday. 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 Company has a 52 week low of $68.39 and a 52 week high of $109.05. The business has a 50 day moving average price of $100.13 and a 200-day moving average price of $96.24. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 43.46, a P/E/G ratio of 1.11 and a beta of 1.08.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share 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 company had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same quarter last year, the company earned $1.16 earnings per share. The company’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. As a group, equities analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 6,334 shares of Performance Food Group stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total transaction of $665,703.40. Following the transaction, the insider owned 62,852 shares of the company’s stock, valued at $6,605,745.20. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika T. Davis sold 4,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $430,746.00. Following the completion of the transaction, the insider owned 46,541 shares in the company, valued at $4,889,597.46. The trade was a 8.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,019 shares of company stock worth $1,884,319. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a report on Wednesday, November 19th. Barclays boosted their target price on shares of Performance Food Group from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. UBS Group lifted their price objective on Performance Food Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Piper Sandler boosted their price target on Performance Food Group from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus target price of $114.60.

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.