Wellington Management Group Reports 8.8% Stake in Performance Food Group

TL;DR

**Wellington Management Group still holds a big 8.8% chunk of Performance Food Group.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Performance Food Group Company. As of December 29, 2023, Wellington Management Group LLP reported beneficial ownership of 10,996,180 shares of Performance Food Group Co. common stock, representing 8.8% of the company's outstanding shares. This is an update to their previous holdings and indicates a significant, though slightly reduced, stake in the food distribution company, which matters to investors as large institutional holdings can influence stock stability and investor confidence.

Why It Matters

Large institutional ownership, like Wellington's 8.8% stake, can signal confidence in a company's long-term prospects and provide a degree of stability to the stock.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility risk for the stock.

Analyst Insight

Investors should note that a major institutional investor like Wellington Management Group LLP continues to hold a substantial stake, which could be a positive signal for long-term stability, but this filing alone doesn't suggest immediate buying or selling action.

Key Numbers

• 10,996,180 — Shares Beneficially Owned (Represents Wellington Management Group LLP's total beneficial ownership in Performance Food Group Co.)
• 8.8% — Percentage of Class (Indicates the proportion of Performance Food Group Co.'s common stock owned by Wellington Management Group LLP.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Performance Food Group Company (company) — the subject company whose securities are being reported
• Massachusetts (company) — place of organization for Wellington Management Group LLP
• December 29, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Wellington Management Group LLP will maintain a significant, long-term stake in Performance Food Group Co. (Wellington Management Group LLP) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 31KB
• 0000902219-24-000113.txt ( ) — 33KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7 ) * Performance Food Group Company (Name of Issuer) Common Stock (Title of Class of Securities) 71377A103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 71377A103 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,801,230 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,473,543 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,473,543 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% 12. TYPE OF REPORTING PERSON HC CUSIP No. 71377A103 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,801,230 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,473,543 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,473,543 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% 12. TYPE OF REPORTING PERSON HC CUSIP No. 71377A103 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,801,230 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,473,543 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,473,543 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Performance Food Group Company (b) Address of Issuer's Principal Executive Offices 12500 West Creek Parkway Richmond, VA 23238 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 71377A103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in ac