Y Intercept Hong Kong Ltd Acquires 6,121 Shares of Performance Food Group Company $PFGC

Y Intercept Hong Kong Ltd boosted its holdings in Performance Food Group Company (NYSE:PFGC) by 198.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,203 shares of the food distribution company’s stock after purchasing an additional 6,121 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Performance Food Group were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PFGC. AlphaQuest LLC grew its position in Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after purchasing an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Performance Food Group in the 1st quarter valued at about $44,000. SVB Wealth LLC bought a new position in shares of Performance Food Group in the 1st quarter valued at about $59,000. Signaturefd LLC grew its position in shares of 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, Brooklyn Investment Group grew its position in shares of Performance Food Group by 2,676.9% in the 1st quarter. Brooklyn Investment Group now owns 1,805 shares of the food distribution company’s stock valued at $142,000 after acquiring an additional 1,740 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $96.57 on Wednesday. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.11 and a beta of 1.09. 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 company has a 50-day simple moving average of $102.46 and a 200 day simple moving average of $94.77. 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 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. The business had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. Performance Food Group’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PFGC. Wells Fargo & Company lifted their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Performance Food Group in a research report on Wednesday, October 8th. UBS Group lifted 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 report on Thursday, August 14th. Sanford C. Bernstein began coverage on shares of Performance Food Group in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, Piper Sandler raised shares of Performance Food Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $90.00 to $114.00 in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $112.45.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 1,308 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total value 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. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider A Brent King sold 6,334 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the sale, the insider directly owned 62,852 shares of the company’s stock, valued at $6,605,745.20. This represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,768 shares of company stock worth $4,373,921. 4.50% of the stock is currently owned by corporate 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.