American Century Companies Inc. Reduces Holdings in Performance Food Group Company $PFGC

American Century Companies Inc. decreased its position in Performance Food Group Company (NYSE:PFGC) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,994 shares of the food distribution company’s stock after selling 133,151 shares during the period. American Century Companies Inc.’s holdings in Performance Food Group were worth $4,717,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of Performance Food Group by 59.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock valued at $489,800,000 after buying an additional 2,318,763 shares during the period. JPMorgan Chase & Co. grew 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 buying an additional 1,503,703 shares during the period. Eminence Capital LP grew its stake in shares of Performance Food Group by 3.2% in the 4th quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company’s stock valued at $218,086,000 after buying an additional 79,591 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Performance Food Group by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company’s stock valued at $174,647,000 after buying an additional 137,998 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Performance Food Group by 30.9% in the 4th quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company’s stock valued at $178,506,000 after buying an additional 498,554 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of PFGC opened at $101.35 on Friday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $103.50. The firm’s fifty day simple moving average is $96.21 and its 200-day simple moving average is $86.80. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.14 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

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

Wall Street Analysts Forecast Growth

PFGC has been the subject of several analyst reports. Citigroup assumed coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They issued a “buy” rating and a $121.00 price target for the company. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday. Truist Financial increased their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. UBS Group increased their price objective on shares of 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, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

Insider Activity

In other news, insider Donald S. Bulmer sold 1,308 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value of $132,840.48. Following the sale, the insider directly owned 53,794 shares in the company, valued at approximately $5,463,318.64. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A Brent King sold 1,320 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $101.66, for a total transaction of $134,191.20. Following the completion of the sale, the insider owned 62,852 shares in the company, valued at $6,389,534.32. The trade was a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,534 shares of company stock worth $4,322,796. 2.80% of the stock is currently owned by corporate insiders.

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.