Performance Food Group (PFGC)

• Market cap: $12.1B
• 1 day: 0.17%
• 5 days: 3.49%
• 1 month: -5.80%
• 3 months: -8.30%
• 6 months: -0.27%
• Year to date: -7.20%
• 1 year: 2.97%
• 5 years: 202.91%
• 10 years: 306.25%
• Sector: Consumer Staples
• Industry: Groceries, General Line

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 Q4 regulatory filings by fund managers ($100M+ AUM)

262% more call options, than puts

Call options by funds: $55.5M | Put options by funds: $15.4M

34% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 38

10% more funds holding in top 10

Funds holding in top 10: 10 [Q3] → 11 (+1) [Q4]

9% more capital invested

Capital invested by funds: $11.8B [Q3] → $13B (+$1.11B) [Q4]

2% more funds holding

Funds holding: 400 [Q3] → 406 (+6) [Q4]

1.36% more ownership

Funds ownership: 97.07% [Q3] → 98.43% (+1.36%) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 157

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $90 15% upside
• Avg. target: $96 23% upside
• High target: $102 31% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Piper Sandler Brian Mullan 36% 1-year accuracy 4 / 11 met price target	15% upside $90	Neutral Downgraded	7 Feb 2025
Barclays Jeffrey Bernstein 45% 1-year accuracy 47 / 104 met price target	31% upside $102	Overweight Maintained	6 Feb 2025
Morgan Stanley Brian Harbour 78% 1-year accuracy 18 / 23 met price target	23% upside $96	Equal-Weight Maintained	21 Jan 2025