Hsbc Holdings PLC Boosts Stock Holdings in Performance Food Group Company $PFGC

Hsbc Holdings PLC boosted its stake in Performance Food Group Company (NYSE:PFGC) by 8.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,837 shares of the food distribution company’s stock after acquiring an additional 227 shares during the quarter. Hsbc Holdings PLC’s holdings in Performance Food Group were worth $222,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co grew its stake in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock valued at $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC grew its stake in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after acquiring an additional 334 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group in the 1st quarter valued at $44,000. Signaturefd LLC grew its stake in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock valued at $65,000 after acquiring an additional 314 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock valued at $71,000 after acquiring an additional 707 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PFGC shares. Wells Fargo & Company raised their price objective on Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Truist Financial raised their price objective on Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Guggenheim restated a “buy” rating and issued a $115.00 price objective on shares of Performance Food Group in a report on Tuesday, August 26th. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a “buy” rating and a $121.00 price objective on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and an average price target of $109.67.

Performance Food Group Stock Up 0.1%

NYSE PFGC opened at $105.35 on Friday. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $105.80. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The business’s fifty day simple moving average is $97.97 and its 200-day simple moving average is $87.40. The firm has a market cap of $16.49 billion, a PE ratio of 48.55, a P/E/G ratio of 1.19 and a beta of 1.10.

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

Insider Activity at Performance Food Group

In related news, insider Erika T. Davis sold 4,100 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $430,746.00. Following the sale, the insider directly owned 46,541 shares in the company, valued at approximately $4,889,597.46. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.