Performance Food Group
PFGC

$66.57

1.99%

Market Cap: 10.4B

About: Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

Employees: 35,000

Consumer Staples Groceries, General Line

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 43

44% more call options, than puts

Call options by funds: $15.6M | Put options by funds: $10.8M

10% more funds holding

Funds holding: 376 [Q4 2023] → 413 (+37) [Q1 2024]

5% more capital invested

Capital invested by funds: $10.4B [Q4 2023] → $10.9B (+$524M) [Q1 2024]

2.56% less ownership

Funds ownership: 96.74% [Q4 2023] → 94.17% (-2.56%) [Q1 2024]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 8 (-1) [Q1 2024]

18% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 153

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$76

14%

upside

Avg. target

$82

23%

upside

High target

$86

29%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Morgan Stanley Brian Harbour	14%upside $76	Equal-Weight Maintained	16 Jul 2024
Barclays Jeffrey Bernstein	26%upside $84	Overweight Maintained	9 May 2024
Morgan Stanley Brian Harbour	20%upside $80	Equal-Weight Maintained	12 Apr 2024
Barclays Jeffrey Bernstein	29%upside $86	Overweight Maintained	8 Feb 2024
BMO Capital Kelly Bania	20%upside $80	Outperform Maintained	8 Feb 2024

See Analyst Rankings

Financial journalist opinion

Performance Food Group Company Appoints Danielle Brown to Board of Directors

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE: PFGC) today announced it has appointed Danielle M. Brown to serve as an independent director on its Board of Directors, effective June 28, 2024. This appointment expands PFG's Board to 12 directors. The Board appointed Ms. Brown to serve as a member of the Company's Audit and Finance Committee and Technology and Cybersecurity Committee. Ms. Brown, 53, currently serves as Senior Vice President and Chief Information Offic.

Performance Food Group Company Appoints Danielle Brown to Board of Directors

Zacks Investment Research

4 Natural Food Stocks to Watch on Favorable Industry Trends

The Zacks Natural Foods Products industry players are benefiting from growing consumer demand and effective pricing strategies amid elevated operating expenses. These upsides keep Performance Food (PFGC), Sprouts Farmers (SFM), SpartanNash (SPTN) and Farmer Bros.

4 Natural Food Stocks to Watch on Favorable Industry Trends

Dump These 3 Stocks Before Inflation Eats Into Profits

Inflation is an inevitable market factor. However, investors can protect themselves by steering clear of stocks likely to be hit by inflation for whatever reason.

Dump These 3 Stocks Before Inflation Eats Into Profits

OLM Food Solutions Introduces Hot Stuff Kitchen Stuffed Bites

SIOUX FALLS, S.D.--(BUSINESS WIRE)--OLM Food Solutions, a Performance Food Group (PFG) (NYSE: PFGC) company, is excited to announce the expansion of its snack offerings with Hot Stuff Kitchen Stuffed Bites. This product line pairs hearty portions of classic flavors with various doughs, from flaky pastry to buttermilk biscuits, which offers home-style taste and on-the-go convenience. Created to meet America's growing demand for convenient, tasty snacking options, Stuffed Bites is designed with o.

OLM Food Solutions Introduces Hot Stuff Kitchen Stuffed Bites

Zacks Investment Research

Buy These 5 Year-to-Date Laggards With Strong Upside Potential

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: NOW, ACM, NEM, NTRS, PFGC.

Buy These 5 Year-to-Date Laggards With Strong Upside Potential

Performance Food Group Co (PFGC) Q3 2024 Earnings Call Transcript

Performance Food Group Co (NYSE:PFGC ) Q3 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Bill Marshall - VP, IR George Holm - Chairman & CEO Patrick Hatcher - EVP & CFO Conference Call Participants Mark Carden - UBS Jake Bartlett - Truist Securities Edward Kelly - Wells Fargo Securities Kelly Bania - BMO Capital Markets Brian Harbour - Morgan Stanley Jeffrey Bernstein - Barclays Bank Lauren Silberman - Deutsche Bank Peter Saleh - BTIG Alexander Slagle - Jefferies John Heinbockel - Guggenheim Securities Andrew Wolf - CL King & Associates Operator Good day, and welcome to PFG's Fiscal Year Q3 2024 Earnings Conference Call. [Operator Instructions].

Performance Food Group Co (PFGC) Q3 2024 Earnings Call Transcript

Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2024 Results

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company reports third-quarter and first-nine months fiscal 2024 results.

Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2024 Results

Zacks Investment Research

Are Investors Undervaluing Performance Food Group (PFGC) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Performance Food Group (PFGC) Right Now?

Zacks Investment Research

Is Performance Food (PFGC) a Solid Growth Stock? 3 Reasons to Think "Yes"

Performance Food (PFGC) possesses solid growth attributes, which could help it handily outperform the market.

Is Performance Food (PFGC) a Solid Growth Stock? 3 Reasons to Think "Yes"

Zacks Investment Research

Performance Food Group (PFGC) Expected to Beat Earnings Estimates: Should You Buy?

Performance Food (PFGC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Performance Food Group (PFGC) Expected to Beat Earnings Estimates: Should You Buy?

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