Performance Food Group
PFGC

$71.50

2.23%

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

Consumer Staples Groceries, General Line

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

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]

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Research analyst outlook

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

Low target

$76

6%

upside

Avg. target

$87

21%

upside

High target

$94

31%

upside

7 analyst ratings

6 positive

86%

1 neutral

14%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 13 articles about PFGC published over the past 30 days

Performance Food Group Company Announces Pricing of Offering of $1.0 billion of 6.125% Senior Notes due 2032

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company Announces Pricing of Offering of $1.0 billion of 6.125% Senior Notes due 2032.

Performance Food Group Company Announces Pricing of Offering of $1.0 billion of 6.125% Senior Notes due 2032

Performance Food Group Company Announces Intention to Offer $1.0 Billion of Senior Notes

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company Announces Intention to offer $1.0 billion of Senior Notes.

Performance Food Group Company Announces Intention to Offer $1.0 Billion of Senior Notes

Performance Food Group Sees Disinflation Tailwinds in 2025

Performance Food Group Co. PFGC is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and food-related products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry.

Performance Food Group Sees Disinflation Tailwinds in 2025

The Motley Fool

Why Performance Food Group Stock Was Vaulting High This Week

The comestibles concern published the final set of quarterly results from its fiscal 2024. These beat handily on earnings, but missed narrowly on the top line.

Why Performance Food Group Stock Was Vaulting High This Week

Performance Food Group: Big Moves And Big Upside Does Not Justify Further Moves Higher

Performance Food Group Company shares rose 7.7% after announcing financial results for Q4 of 2024 fiscal year, with adjusted earnings exceeding forecasts. The company acquired Cheney Bros for $2.1 billion, adding $3.2 billion in annualized revenue, but the acquisition may be pricey. Management also acquired Jose Santiago and repurchased $78.1 million worth of shares in 2024, but shares likely have limited upside despite these moves.

Performance Food Group: Big Moves And Big Upside Does Not Justify Further Moves Higher

Performance Food Group: A Solid Performance

Performance Food Group is a major food distributor, having more than tripled its sales over the past decade, aided by M&A efforts. Growth has come with growing margins as well, as the business has become a better company. Performance Food Group recently acquired Cheney Bros, a Florida-based food service business, adding significant value and growth potential to the company.

Performance Food Group: A Solid Performance

Performance Food Group Company (PFGC) Q4 2024 Earnings Call Transcript

Performance Food Group Company (NYSE:PFGC ) Q4 2024 Earnings Conference Call August 14, 2024 9:00 AM ET Company Participants Bill Marshall - Vice President, Investor Relations George Holm - Chairman and Chief Executive Officer Patrick Hatcher - Executive Vice President and Chief Financial Officer Conference Call Participants Kelly Bania - BMO Capital Alex Slagle - Jefferies Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Securities Andrew Wolf - CL King Mark Carden - UBS Lauren Silberman - Deutsche Bank Jeffrey Bernstein - Barclays Brian Harbour - Morgan Stanley Carla Casella - J.P. Morgan Jake Bartlett - Truist Securities Operator Good day, and welcome to PFG's Fiscal Year Q4 2024 Earnings Conference Call.

Performance Food Group Company (PFGC) Q4 2024 Earnings Call Transcript

Performance Food Group Stock Jumps on $2.1B Distributor Acquisition

Performance Food Group Co. (PFGC) shares surged in intraday trading Wednesday after announcing a $2.1 billion cash acquisition of foodservice distributor Cheney Bros. and posting fourth-quarter adjusted earnings per share (EPS) that topped expectations.

Performance Food Group Stock Jumps on $2.1B Distributor Acquisition

Zacks Investment Research

Performance Food Group (PFGC) Q4 Earnings Beat Estimates

Performance Food Group (PFGC) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.14 per share a year ago.

Performance Food Group (PFGC) Q4 Earnings Beat Estimates

Performance Food Group buys Cheney Bros to boost Southeast presence

Performance Food Group Co. PFGC, +2.27% said Wednesday it agreed to pay $2.1 billion to buy Cheney Bros. Inc., a Florida-based foodservice distributor, to build up its presence in the Southeastern U.S. Cheney Bros.

Performance Food Group buys Cheney Bros to boost Southeast presence

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