Performance Food GroupPFGC
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
73% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $6.25M
43% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 10 (+3) [Q3]
14% more capital invested
Capital invested by funds: $10.4B [Q2] → $11.8B (+$1.46B) [Q3]
3.79% less ownership
Funds ownership: 100.87% [Q2] → 97.09% (-3.79%) [Q3]
9% less funds holding
Funds holding: 435 [Q2] → 398 (-37) [Q3]
18% less repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 170
46% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 67
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Piper Sandler Brian Mullan 73% 1-year accuracy 8 / 11 met price target | 5%upside $92 | Overweight Maintained | 18 Nov 2024 |
Truist Securities Jake Bartlett 46% 1-year accuracy 32 / 70 met price target | 15%upside $101 | Buy Maintained | 8 Nov 2024 |
Guggenheim | 8%upside $95 | Buy Maintained | 7 Nov 2024 |
BMO Capital Kelly Bania 79% 1-year accuracy 19 / 24 met price target | 8%upside $95 | Outperform Maintained | 7 Nov 2024 |
UBS Mark Carden 80% 1-year accuracy 8 / 10 met price target | 16%upside $102 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 3 articles about PFGC published over the past 30 days
