BlackRock Updates Performance Food Group Stake (Amendment 8)
Ticker: PFGC · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0001086364-24-003194 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003194 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:48 Documents 1 Document Format Files Seq Description Document Type Size 1 us71377a1034_012524.txt SC 13G/A 11790 Complete submission text file 0001086364-24-003194.txt 13596 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 12500 WEST CREEK PARKWAY RICHMOND VA 23238 Business Address 12500 WEST CREEK PARKWAY RICHMOND VA 23238 (804) 484-7700 Performance Food Group Co (Subject) CIK : 0001618673 (see all company filings) EIN. : 431983182 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-89371 | Film No.: 24560965 SIC : 5141 Wholesale-Groceries, General Line (CF Office: 07 Trade & Services)