Loomis Sayles & Co. L P Has $21.56 Million Stake in Performance Food Group Company $PFGC

Loomis Sayles & Co. L P increased its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,426 shares of the food distribution company’s stock after buying an additional 12,411 shares during the period. Loomis Sayles & Co. L P owned 0.16% of Performance Food Group worth $21,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Performance Food Group during the 2nd quarter worth $163,954,000. JPMorgan Chase & Co. lifted 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 during the period. Nuveen LLC bought a new position in shares of Performance Food Group in the 1st quarter worth $69,456,000. Primecap Management Co. CA grew its stake in shares of Performance Food Group by 22.1% during the second quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after purchasing an additional 465,807 shares during the period. Finally, Bain Capital Public Equity Management II LLC grew its stake in shares of Performance Food Group by 14.1% during 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 purchasing an additional 293,837 shares during the period. 96.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Hugh Patrick Hatcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the transaction, the insider directly owned 47,655 shares of the company’s stock, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider A Brent King sold 6,334 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total value of $665,703.40. Following the transaction, the insider owned 62,852 shares of the company’s stock, valued at approximately $6,605,745.20. This trade represents a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,434 shares of company stock valued at $1,621,799. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group increased their target price on Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Piper Sandler lifted their price objective on shares of Performance Food Group from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Truist Financial boosted their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Sanford C. Bernstein initiated coverage on shares of Performance Food Group in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.60.

Performance Food Group Price Performance

NYSE PFGC opened at $97.07 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 stock has a market cap of $15.22 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.11 and a beta of 1.08. The business has a 50 day simple moving average of $99.32 and a 200 day simple moving average of $96.45. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly 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 net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue 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 Company 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.