Performance Food Group (NYSE:PFGC) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560,816 shares of the food distribution company's stock after purchasing an additional 55,445 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.36% of Performance Food Group worth $43,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Atria Investments Inc lifted its stake in Performance Food Group by 79.3% during the 1st quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company's stock valued at $2,180,000 after acquiring an additional 12,919 shares during the period. Assenagon Asset Management S.A. purchased a new position in Performance Food Group during the second quarter valued at approximately $6,843,000. Aigen Investment Management LP lifted its holdings in shares of Performance Food Group by 56.1% in the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company's stock worth $1,330,000 after buying an additional 6,099 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Performance Food Group in the first quarter worth $1,913,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Performance Food Group by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company's stock worth $142,170,000 after buying an additional 469,500 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded down $2.55 during midday trading on Friday, reaching $83.20. 1,106,950 shares of the stock were exchanged, compared to its average volume of 1,091,916. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 0.90 and a beta of 1.44. Performance Food Group has a twelve month low of $61.29 and a twelve month high of $89.00. The firm has a 50-day simple moving average of $80.06 and a two-hundred day simple moving average of $72.76. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. During the same quarter last year, the business earned $1.15 EPS. The company's quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts anticipate that Performance Food Group will post 4.71 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the insider now directly owns 162,987 shares of the company's stock, valued at $12,152,310.72. The trade was a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company's stock, valued at $39,085,312.68. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $7,426,075 in the last quarter. Company insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PFGC shares. Wells Fargo & Company boosted their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Morgan Stanley restated an "equal weight" rating and issued a $92.00 price target on shares of Performance Food Group in a research report on Monday, October 28th. Jefferies Financial Group boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.50.

Performance Food Group Company Profile

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.