XTX Topco Ltd Raises Stock Holdings in Performance Food Group (NYSE:PFGC)

XTX Topco Ltd lifted its holdings in shares of Performance Food Group (NYSE:PFGC) by 166.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,671 shares of the food distribution company’s stock after acquiring an additional 12,924 shares during the period. XTX Topco Ltd’s holdings in Performance Food Group were worth $1,367,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. grew its position in Performance Food Group by 414.1% during the 4th quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after purchasing an additional 1,770,683 shares during the last quarter. Norges Bank acquired a new stake in shares of Performance Food Group during the fourth quarter worth about $119,726,000. Primecap Management Co. CA grew its holdings in shares of Performance Food Group by 223.4% during the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock worth $107,447,000 after buying an additional 1,122,676 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after acquiring an additional 469,500 shares during the period. Finally, Wellington Management Group LLP increased its position in Performance Food Group by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock valued at $447,645,000 after acquiring an additional 397,114 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.0 %

Shares of NYSE PFGC opened at $77.01 on Friday. The stock 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 has a 52 week low of $52.92 and a 52 week high of $78.54. The firm has a 50-day moving average price of $70.38 and a 200 day moving average price of $70.33. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Truist Financial lifted their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group upped their price objective on shares of Performance Food Group from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley reduced their price objective on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $86.38.

Insider Buying and Selling at Performance Food Group

In other news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the insider now owns 162,987 shares of the company’s stock, valued at approximately $12,152,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares in the company, valued at $12,152,310.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares of the company’s stock, valued at $749,644.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock valued at $7,426,075. Insiders own 2.60% of the company’s stock.

Performance Food Group 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.