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PFGC

LONGINSIDER SELL

PERFORMANCE FOOD GROUP CO

Funds
3
Score
4.50
vs SPY
-1.7%
Stock return (since Q-end)
+14.6%
SPY return (since Q-end)
+16.3%
Current price
$98.19

News Summary

Neutral

PFGC delivered a Q3 earnings beat on adjusted EPS ($0.80 vs. $0.79 estimate) with 6.4% net sales growth and 6.6% Adjusted EBITDA growth, but missed revenue expectations ($16.29B vs. $16.49B estimate) and narrowed full-year guidance ranges downward. Management transition to new CEO Scott McPherson is complete, analyst sentiment has recovered post-earnings with 9 Buy ratings, though the abandoned US Foods merger and ongoing Cheney Brothers integration cost drag remain headwinds.

Red flags

  • Revenue miss of $200M+ versus consensus estimates (~1.2% shortfall)
  • Net income declined 28.5% YoY despite operational growth, signaling margin pressure
  • Cheney Brothers segment burdened by dual operating costs from facility transition; relief delayed to FY2027
  • Narrowed full-year net sales guidance (tighter range suggests less visibility)
  • Inflationary pressures in low-to-mid single digits persist as ongoing headwind

Funds Buying (3)

FundManagerShares Held∆ SharesPosition ValueQoQStatus
Lone Pine CapitalSteve Mandel4.0M+4.0M$340.8BNEW
Sachem Head CapitalScott Ferguson3.4M+3.4M$287.0BNEW
Point72Steve Cohen2.3M+2.3M$196.5BNEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

NameTitleTypeSharesPriceValueFiled
DAVIS ERIKA TSee RemarksSELL2K$95.00$0.17M2026-05-27
HOLM GEORGE LSee RemarksSELL1K$92.20$0.10M2026-05-21
HOLM GEORGE LSee RemarksSELL6K$93.62$0.53M2026-05-21
HOLM GEORGE LSee RemarksSELL10K$94.28$0.92M2026-05-21
HOLM GEORGE LSee RemarksSELL15K$95.42$1.43M2026-05-21
HOLM GEORGE LSee RemarksSELL2K$96.07$0.14M2026-05-21
Grant KimberlySELL3K$95.00$0.24M2026-05-20
Hatcher Hugh PatrickSee RemarksSELL2K$93.81$0.14M2026-05-12
Hatcher Hugh PatrickSee RemarksSELL1K$95.16$0.12M2026-05-12
Hatcher Hugh PatrickSee RemarksSELL200$95.97$0.02M2026-05-12