XTX Topco Ltd Sells 13,259 Shares of Performance Food Group (NYSE:PFGC)

XTX Topco Ltd decreased its position in Performance Food Group (NYSE:PFGC - Free Report) by 64.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,412 shares of the food distribution company's stock after selling 13,259 shares during the period. XTX Topco Ltd's holdings in Performance Food Group were worth $581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its holdings in shares of Performance Food Group by 31.5% during the second quarter. CWM LLC now owns 2,758 shares of the food distribution company's stock valued at $182,000 after purchasing an additional 661 shares during the period. SG Americas Securities LLC acquired a new position in shares of Performance Food Group during the second quarter valued at about $2,257,000. Assenagon Asset Management S.A. acquired a new stake in shares of Performance Food Group in the 2nd quarter worth about $6,843,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Performance Food Group by 30.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 505,371 shares of the food distribution company's stock worth $33,410,000 after acquiring an additional 116,659 shares during the last quarter. Finally, Leeward Investments LLC MA raised its holdings in shares of Performance Food Group by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 249,023 shares of the food distribution company's stock worth $16,463,000 after acquiring an additional 13,294 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Price Performance

NYSE PFGC traded up $0.45 on Friday, hitting $88.65. The stock had a trading volume of 834,718 shares, compared to its average volume of 1,027,771. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The firm has a 50-day moving average of $84.52 and a 200-day moving average of $75.01.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 earnings per share. Equities analysts expect that Performance Food Group will post 4.73 EPS for the current year.

Analysts Set New Price Targets

PFGC has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Guggenheim upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average target price of $94.27.

Insider Activity at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now owns 192,868 shares of the company's stock, valued at approximately $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.

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.