Envestnet Portfolio Solutions Inc. Sells 884 Shares of Performance Food Group Company $PFGC

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 23.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,907 shares of the food distribution company’s stock after selling 884 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Performance Food Group were worth $254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Performance Food Group by 59.3% in the first 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. raised its holdings in shares of Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after acquiring an additional 1,503,703 shares during the period. Nuveen LLC bought a new stake in Performance Food Group in the 1st quarter valued at $69,456,000. Bain Capital Public Equity Management II LLC lifted its position in Performance Food Group by 14.1% in the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock valued at $186,982,000 after acquiring an additional 293,837 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Performance Food Group in the 1st quarter worth $20,030,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

PFGC opened at $100.25 on Friday. The business’s 50-day simple moving average is $102.79 and its 200 day simple moving average is $93.30. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. 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 firm has a market capitalization of $15.72 billion, a PE ratio of 46.20, a PEG ratio of 1.15 and a beta of 1.09.

Performance Food Group (NYSE:PFGC) last posted its quarterly 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 quarter in the previous year, the firm earned $1.45 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PFGC shares. Sanford C. Bernstein started coverage on Performance Food Group in a research note on Wednesday. They issued an “outperform” rating and a $130.00 price target on the stock. Truist Financial increased their price objective on Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Morgan Stanley lifted their target price on Performance Food Group from $93.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Piper Sandler raised Performance Food Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Finally, 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 research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.45.

Insider Activity

In other news, insider A Brent King sold 6,334 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total value of $665,703.40. Following the sale, the insider directly owned 62,852 shares of the company’s stock, valued at approximately $6,605,745.20. This represents a 9.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald S. Bulmer sold 1,308 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total transaction of $132,840.48. Following the completion of the sale, the insider owned 53,794 shares of the company’s stock, valued at $5,463,318.64. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,768 shares of company stock valued at $4,373,921. 4.50% of the stock is owned by insiders.

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.