Truist Financial Corp Has $5.64 Million Position in Performance Food Group Company $PFGC

Truist Financial Corp lessened its stake in Performance Food Group Company (NYSE:PFGC) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,510 shares of the food distribution company’s stock after selling 414 shares during the period. Truist Financial Corp’s holdings in Performance Food Group were worth $5,643,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $1,390,000. SG Americas Securities LLC boosted its holdings in Performance Food Group by 746.2% in the first quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company’s stock valued at $879,000 after acquiring an additional 9,857 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Performance Food Group by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company’s stock worth $174,647,000 after purchasing an additional 137,998 shares during the period. CX Institutional raised its holdings in Performance Food Group by 16.0% during the 2nd quarter. CX Institutional now owns 22,203 shares of the food distribution company’s stock worth $1,942,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in Performance Food Group by 10,786.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 9,036 shares of the food distribution company’s stock worth $711,000 after purchasing an additional 8,953 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group raised their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Truist Financial increased their price target on Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Performance Food Group in a research report on Saturday, September 27th. Finally, Morgan Stanley lifted their price objective on Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insiders Place Their Bets

In other Performance Food Group news, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $437,060.96. Following the transaction, the insider owned 58,526 shares of the company’s stock, valued at approximately $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the transaction, the insider owned 47,655 shares of the company’s stock, valued at $5,007,110.85. This trade represents a 9.50% decrease in their position. 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 over the last 90 days. 2.80% of the stock is owned by company insiders.

Performance Food Group Price Performance

Shares of PFGC stock opened at $101.53 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 12-month low of $68.39 and a 12-month high of $109.05. The firm has a fifty day moving average of $102.25 and a 200-day moving average of $91.13. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share 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 firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

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.