Bank of Montreal Can Decreases Stake in Performance Food Group Company $PFGC

Bank of Montreal Can decreased its holdings in Performance Food Group Company (NYSE:PFGC) by 89.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,127 shares of the food distribution company’s stock after selling 225,044 shares during the quarter. Bank of Montreal Can’s holdings in Performance Food Group were worth $2,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC increased its position in shares of Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after acquiring an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group in the 1st quarter valued at $44,000. SVB Wealth LLC purchased a new position in Performance Food Group in the first quarter valued at about $59,000. Signaturefd LLC lifted its stake in shares of Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 314 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Performance Food Group by 2,676.9% in the first quarter. Brooklyn Investment Group now owns 1,805 shares of the food distribution company’s stock worth $142,000 after buying an additional 1,740 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.3%

PFGC stock opened at $96.46 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The firm has a 50 day simple moving average of $101.78 and a 200-day simple moving average of $95.41. The company has a market capitalization of $15.13 billion, a P/E ratio of 44.45, a PEG ratio of 1.11 and a beta of 1.08. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In related news, insider Erika T. Davis sold 4,316 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $433,844.32. Following the completion of the sale, the insider owned 55,373 shares of the company’s stock, valued at $5,566,093.96. This represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the sale, the insider owned 58,526 shares in the company, valued at approximately $5,883,033.52. This trade represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 42,768 shares of company stock valued at $4,373,921. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

PFGC has been the topic of several analyst reports. Truist Financial raised their target price on Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Piper Sandler boosted their target price on shares of Performance Food Group from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays raised their price target on shares of Performance Food Group from $118.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Sanford C. Bernstein began coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.60.

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.