Lone Pine Capital Adds $414M in Performance Food Group Company ($PFGC)

Lone Pine Capital has taken a fresh position in Performance Food Group Company, acquiring 3,978,158 shares. This new stake, valued at around $414 million, was disclosed in a recent Form 13F filing with the SEC, reflecting holdings as of the reporting period. The shares were purchased at a cost basis of $91.45 each.

What Changed in Lone Pine Capital's Performance Food Group Position

Lone Pine Capital's acquisition of nearly 4 million shares represents a new position in Performance Food Group, as the fund previously held no shares. This move adds a significant holding valued at over $414 million to its portfolio.

Other Institutional Activity in Performance Food Group

Other major investors have also been active in Performance Food Group. CAPITAL WORLD INVESTORS increased its holdings by 367,046 shares, bringing its total to 23,030,619 shares valued at $1.97 billion. BLACKROCK, INC. added 227,052 shares, ending with 14,063,529 shares worth about $1.20 billion. FMR LLC boosted its stake by 756,704 shares to 11,751,044 shares, valued at approximately $1.01 billion. JPMORGAN CHASE & CO doubled its holdings, adding 3,813,888 shares to reach a total of 7,608,552 shares worth $641 million.

Performance Food Group Stock Snapshot

Shares of NYSE:PFGC recently traded around $104.07. The company has a market cap of approximately $16.35 billion and a forward P/E ratio of 18.05, indicating investor expectations of future earnings growth. The stock's beta is 0.932, suggesting it is less volatile than the market. Over the past year, the stock has ranged from $80.82 to $109.05, with moving averages of $92.90 (50-day) and $94.98 (200-day). Performance Food Group maintains a current ratio of 1.52 and a quick ratio of 0.62, with a debt-to-equity ratio of 166.85.

Recent Earnings

In its latest financial results, Performance Food Group reported $63.35 billion in revenue, reflecting a growth of 6.4%. The company achieved an EPS of $2.10, with a net margin of 0.52% and a return on equity of 7.25%. Investors can expect the next earnings report on August 12, 2026.

Insider Buying and Selling at Performance Food Group Company

Recent insider activity at Performance Food Group includes planned sales by Executive Vice President Brent King, who sold 3,518 shares on June 10, 2026, and 3,322 shares on June 9, 2026, at $100 each. Executive Chair George Holm engaged in both buying and selling on June 4, 2026, purchasing 33,000 shares at $26.57 and selling the same amount at $94.72 under a planned transaction.

Analysts Set New Price Targets

Analysts maintain a positive outlook on Performance Food Group. On May 7, 2026, Citigroup and Barclays both reiterated their 'buy' ratings, with Citigroup setting a price target of $135 and Barclays at $115. The consensus among analysts is a 'strong buy,' with a mean target price of $119.42.

About Performance Food Group

Performance Food Group Company, headquartered in Richmond, Virginia, is a leading distributor of food and related products in North America. The company operates through three segments: Foodservice, Convenience, and Specialty. It provides a wide range of products, including meats, frozen foods, dry groceries, and fresh produce, serving restaurants, retailers, and convenience stores. Founded in 1885, Performance Food Group employs over 42,000 people and is led by CEO Scott E. McPherson.

Bottom Line

Lone Pine Capital's new investment in Performance Food Group underscores the fund's interest in the food distribution sector. While 13F filings are backward-looking and may not reflect current positions, they offer insight into institutional strategies. Investors often watch these filings to gauge where large funds are placing their bets.