Performance Food Group (NYSE:PFGC) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its position in shares of Performance Food Group (NYSE:PFGC) by 166.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,671 shares of the food distribution company’s stock after buying an additional 12,924 shares during the period. XTX Topco Ltd’s holdings in Performance Food Group were worth $1,367,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its position in shares of Performance Food Group by 17.8% in the second quarter. First Eagle Investment Management LLC now owns 12,921 shares of the food distribution company’s stock worth $854,000 after acquiring an additional 1,950 shares during the last quarter. Seven Eight Capital LP raised its stake in Performance Food Group by 114.8% during the second quarter. Seven Eight Capital LP now owns 34,026 shares of the food distribution company’s stock worth $2,249,000 after purchasing an additional 18,186 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Performance Food Group by 115.4% in the 2nd quarter. Hsbc Holdings PLC now owns 34,025 shares of the food distribution company’s stock valued at $2,253,000 after purchasing an additional 18,229 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Performance Food Group by 7.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,275 shares of the food distribution company’s stock valued at $1,010,000 after buying an additional 1,090 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Performance Food Group during the 2nd quarter valued at $5,632,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Scott E. Mcpherson sold 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,500 shares of company stock valued at $7,426,075. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PFGC. Deutsche Bank Aktiengesellschaft lifted their target price on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Truist Financial lifted their price objective on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets increased their target price on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Barclays lifted their price target on shares of Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $86.38.

Performance Food Group Stock Down 0.0 %

Shares of NYSE:PFGC opened at $77.01 on Friday. The company has a 50 day moving average of $70.38 and a two-hundred day moving average of $70.33. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.