Moody Lynn & Lieberson Takes New Stake in Performance Food Group Company (PFGC)

Performance Food Group Company (NYSE:PFGC) is among the most profitable consumer defensive stocks to buy now. Moody Lynn & Lieberson LLC acquired a new stake in Performance Food Group Company (NYSE:PFGC) during the second quarter. Following the purchase of 15,892 shares of the company’s stock, the firm’s investment now amounts to approximately $1,390,000.

Just recently, Performance Food Group Company (NYSE:PFGC) announced that it has signed a cooperation agreement with Sachem Head Capital Management LP, an activist investor. Under the terms, Sachem Head Scott Ferguson has been appointed as a director, bringing the board to thirteen directors, who will serve on the company’s Audit and Finance Committee. All key M&A transactions and other strategic alternatives are assessed in this division, rendering this appointment highly important.

As cited by the CEO of Performance Food Group Company (NYSE:PFGC), George Holm,

This outcome is the result of constructive engagement with Scott and his team and demonstrates our board’s openness to fresh perspectives.

Performance Food Group Company (NYSE:PFGC) is a Virginia-based company that markets and distributes food and food-related products in North America. With three main segments: Foodservice, Convenience, and Specialty, the company is committed to being the innovative leader in providing customer satisfaction.

While we acknowledge the potential of PFGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.