PFGC stock icon

Performance Food Group
PFGC

$67.57
0.43%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 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

Research analyst outlook

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

Low target
$80
18%
upside
Avg. target
$83
23%
upside
High target
$86
27%
upside

5 analyst ratings

positive
80%
neutral
20%
negative
0%
Barclays
Jeffrey Bernstein
24%upside
$84
Overweight
Maintained
9 May 2024
Morgan Stanley
Brian Harbour
18%upside
$80
Equal-Weight
Maintained
12 Apr 2024
Barclays
Jeffrey Bernstein
27%upside
$86
Overweight
Maintained
8 Feb 2024
BMO Capital
Kelly Bania
18%upside
$80
Outperform
Maintained
8 Feb 2024
Stephens & Co.
Joshua Long
26%upside
$85
Overweight
Maintained
8 Feb 2024

Financial journalist opinion