PFGC

Performance Food Group Company

Consumer


Presented:07/30/2024
Price:$68.81
Cap:$10.71B
Current Price:$82.71
Cap:$12.89B

Presented

Date07/30/2024
Price$68.81
Market Cap$10.71B
Ent Value$16.48B
P/E Ratio25.65x
Book Value$25.64
Div Yield0%
Shares O/S155.61M
Ave Daily Vol1,220,167
Short Int1.62%

Current

Price$82.71
Market Cap$12.89B
Performance Food Group Co. engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. The Vistar segment offers candy, snack, and beverage to customers in the vending, office coffee services, theater, retail, and other channels. The Convenience segment consists of a range of products, marketing programs and technology solutions to locations in the United States and Canada. The company was founded in 1885 and is headquartered in Richmond, VA.

Publicly traded companies mentioned herein: Berkshire Hathaway Inc (BRK/B), McDonald’s Corp (MCD), Performance Food Group Co (PPFCG), Sysco Corp (SYY), US Foods Holding Corp (USFD) 

Highlights

The presenter is long shares of Performance Food Group Co (PFGC), as he believes the stock is mispriced compared to the broader market and anticipates a significant capital return or an acquisition of a super-regional distribution network, either of which would be accretive to its business. On top of this, positive momentum from the company’s Vistar and Core-Mark divisions leads the presenter to 2025 EPS of $5.25-$5.30, suggesting a near-term price target in the high-$70 range using a mid-teen EPS multiple, with 2-year upside to $90 per share if that trajectory is maintained and EPS reaches $6 in 2026. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.