BlackRock Updates Performance Food Group Stake (Amendment 8)
Ticker: PFGC · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1618673
| Field | Detail |
|---|---|
| Company | Performance Food Group Co (PFGC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, investor-update
TL;DR
**BlackRock just updated its stake in Performance Food Group; watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership stake in Performance Food Group Co. as of December 31, 2023. This filing, Amendment No. 8, updates previous disclosures about BlackRock's holdings in the wholesale groceries and general line company. This matters to investors because BlackRock is a major institutional investor, and changes in its reported ownership can signal its confidence (or lack thereof) in Performance Food Group Co.'s future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Performance Food Group Co., providing transparency on a major institutional investor's position, which can influence market perception and stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure by a large institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, but this routine update doesn't provide new actionable insights beyond confirming institutional interest. Further analysis of BlackRock's specific percentage ownership (not detailed in this snippet) would be needed for deeper insight.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Performance Food Group Co. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 8 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of Performance Food Group Co. stock. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 8)' in the filing.
Who is the 'reporting person' in this filing?
The 'reporting person' is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the 'subject company' whose securities are being reported?
The 'subject company' is Performance Food Group Co., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Performance Food Group Co' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Performance Food Group Co. is 71377A103, as listed under '(CUSIP Number) 71377A103' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Performance Food Group Co (PFGC).