Performance Food GroupPFGC
Market Cap: $11.1B
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 Q2 SEC filings by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $7.66M | Put options by funds: $5.06M
32% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 44
15% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 146
3% more funds holding
Funds holding: 419 [Q1] → 433 (+14) [Q2]
0.45% less ownership
Funds ownership: 96.72% [Q1] → 96.27% (-0.45%) [Q2]
12% less capital invested
Capital invested by funds: $11.2B [Q1] → $9.9B (-$1.32B) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 31%upside $94 | Buy Maintained | 15 Aug 2024 |
Jefferies Chris Mandeville 0% 1-year accuracy 0 / 1 met price target | 26%upside $90 | Buy Maintained | 15 Aug 2024 |
Wells Fargo Edward Kelly 33% 1-year accuracy 6 / 18 met price target | 16%upside $83 | Overweight Maintained | 15 Aug 2024 |
Barclays Jeffrey Bernstein 51% 1-year accuracy 29 / 57 met price target | 23%upside $88 | Overweight Maintained | 15 Aug 2024 |
Truist Securities Jake Bartlett 45% 1-year accuracy 30 / 67 met price target | 23%upside $88 | Buy Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 13 articles about PFGC published over the past 30 days