Lone Pine Capital 13F: New $414M Stake in Performance Food (PFGC)

Lone Pine Capital Opens New Stake in Performance Food Group

Lone Pine Capital started a brand-new position in Performance Food Group Company (NYSE:PFGC), purchasing 3,978,158 shares during the period. According to its Form 13F filing with the SEC, the newly established stake carried an estimated value of $414.0 million based on the reported cost basis. Because 13F filings look backward at holdings from the end of the reporting period, this position might not reflect the fund's current holdings today.

Performance Food Group Stock Trades Near Moving Averages

Performance Food Group shares recently traded at $104.07, moving comfortably above the 200-day moving average of $96.93 while sitting just below the 50-day moving average of $105.34. The food distributor carries a market capitalization of $14.52 billion and a trailing price-to-earnings ratio of 40.35, alongside a forward P/E of 13.85. The stock has traded as low as $80.82 and as high as $117.47 over the past 52 weeks.

Insider Buying and Selling at Performance Food Group Company

In insider activity, Brent King, Executive Vice President, General Counsel and Secretary of Performance Food Group, sold 6,111 shares of stock on June 12, 2026. The transaction took place at a price of $105.00 per share, totaling $641,655.00. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms continue to monitor the company closely, maintaining a consensus strong buy rating on the stock. On October 15, 2026, Morgan Stanley maintained its Overweight rating and lifted its price target to $136.00 from $131.00. On the same day, TD Cowen maintained its Buy rating while trimming its target to $110.00 from $115.00. Earlier on September 11, 2026, TD Cowen maintained a Buy rating with a $115.00 price target. Overall, the company holds a consensus average price target of $123.23 across 13 analyst opinions.

Understanding Performance Food Group

Performance Food Group Company distributes food and food-related products across North America through its Foodservice, Convenience, and Specialty segments. The Richmond, Virginia-based business supplies independent restaurants, chain stores, and institutional clients with everything from fresh meats and produce to convenience store snacks and beverages.

What to Watch Next for PFGC

Investors tracking Performance Food Group should look ahead to the company's next scheduled earnings report on November 4, 2026. Future institutional filings will also show whether Lone Pine Capital and other major funds adjusted their positions further in subsequent quarters.