SCHEDULE 13G/A: Fidelity's FMR LLC Discloses 10% Stake in Performance Food Group Co.
Beneficial Ownership Report (Schedule 13G)
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 10.0% beneficial ownership stake in Performance Food Group Co. as of April 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through various affiliated entities, collectively hold beneficial ownership of 15,696,218.77 shares of Performance Food Group Co. common stock.
- This ownership represents 10.0% of the total outstanding common stock of Performance Food Group Co.
- FMR LLC holds sole voting power over 15,474,832.84 shares and sole dispositive power over 15,696,218.77 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 15,696,218.77 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- The filing is an Amendment No. 12 to a previously filed Schedule 13G.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as the filing indicates a significant and continued institutional investment by a major asset manager, FMR LLC, in Performance Food Group Co., suggesting confidence in the company.
Positives
- The disclosure of a 10.0% stake by a major institutional investor like FMR LLC (Fidelity) can signal strong institutional confidence in Performance Food Group Co.'s long-term prospects and stability.
- Significant institutional ownership often indicates thorough due diligence and a belief in the company's fundamentals, which can be viewed positively by other investors.
Management Comments
- "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing reflects a significant institutional investment in the food distribution sector. Large stakes by major asset managers like FMR LLC are common and indicate ongoing portfolio management and strategic positioning within various industries, including essential services like food supply.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may enhance investor confidence and potentially influence market perception of Performance Food Group Co.'s stock.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 04/30/2025 | Date of event which requires the filing of this statement (measurement date for beneficial ownership). |
| 05/06/2025 | Date of signing and filing of this Schedule 13G. |
Keywords
Performance Food Group Co., FMR LLC, Fidelity, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Food Distribution, Wholesale Food
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